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Vue Eco Village Stalled Five Years
Description
Five years after promising to ease Lismore’s housing crisis, the Vue Eco Village remains a ghost project—with just a faded “Sold” sign marking its barren site. One buyer, Serge Killingbeck, paid $36,000 upfront and now faces being stuck with the deposit as the developer, Green Vision Developments, refuses to return it despite contractual protections. Meanwhile, housing costs in Lismore have soared 36% and vacancy rates hit a dangerous 0.6%, exposing the peril of off-plan purchases. Legal experts warn buyers to tread carefully, and with no regulatory action taken against the developer, Killingbeck’s case highlights a systemic failure to protect those betting on unbuilt dreams.
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