The Federal Court of Australia recently confirmed that the word
"Sold" can carry a number of different meanings and the
owner of the land carries risk in relation to the use of the word
"Sold" by its agents.
Additionally, the primary judge in Eckford v Six Mile Creek Pty
Ltd (No 2) [2019] FCA 1307 found that where the developer knew, or
had a reasonable suspicion that those properties marketed as
"Sold" were not bona fide, were
"bodgy" or were "dodgy", the developer may be
personally liable for committing the tort of deceit and/or
fraudulent concealment.
Background of case
In about September 2007, Mr and Mrs Eckford, whilst on holiday
from Dubbo, took a scenic drive from the Gold Coast to the Sunshine
Coast.