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Buyers will have their deposits refundedafter learning a long-delayed Russell Vale housing subdivision has been sold off and the developer gone into liquidation. A 19-lot residential housing development, Tallowoods estate had been previously been stalled after the developer was forced to stop work and clean upasbestos contaminationon the site. Purchaserspaid a deposit to the developer,a company called Keerong Investments,for land off the plan about five years ago. Buyers were recently informed that the entire development had been sold, and the developers had gone into liquidation. One of the buyers,Brett Kelly said the buyerswere seeking legal advice on why their contracts couldnt have been carried over to the subdivis…
Read the full article at: https://www.illawarramercury.com.au/story/5866922/theres-not-much-we-can-do-tallowoods-buyers-outraged/