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Can a Purchaser avoid the Contract if they, before settlement, discover that the property has a number of defects such as defective drainage and cracked walls?

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Can a Purchaser avoid the Contract if they, before settlement, discover that the property has a number of defects such as defective drainage and cracked walls?

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No, the principle of Caveat Emptor still applies and a purchaser should complete enquiries prior to the signing of the Contract.

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