Upside Property Group Pty Ltd v Tekin [2017] NSWCA 336

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Upside Property Group Pty Ltd v Tekin [2017] NSWCA 336 Hearing dates: 25 May 2017 Decision date: 18 December 2017 Before: McColl JA at [1]; Macfarlan JA at [2]; Meagher JA at [3] Decision: 1. Appeal dismissed. 2. The appellant to pay the respondent's costs of the appeal. Catchwords: CONTRACTS – anticipatory breach – where vendor repudiated contract for sale of development land and purchaser elected to terminate – where purchaser brings action in damages for loss of bargain – whether purchaser satisfied requirement that it was not substantially incapacitated from performance at time of termination – whether primary judge erred in formulation of that test of readiness and willingness – whether purchaser also required to prove on balance of probabilities that it would have proceeded to completion but for repudiation

VALUATION – development land – evidence of informal and unaccepted offers – whether primary judge erred in giving no significant weight to that evidence Legislation Cited: Supreme Court Act 1970 (NSW), s 75A Uniform Civil Procedure Rules 2005 (NSW), r 51.53 Cases Cited: Auxil Pty Ltd v Terranova [2009] WASCA 163; (2009) 260 ALR 164 Commonwealth v Amann Aviation (1991) 174 CLR 64 Cordelia Holdings Pty Ltd v Newkey Investments Pty Ltd [2004] FCAFC 48 De Medina v Norman (1842) 9 M & W 820; 152 ER 347 DTR Nominees Pty Ltd v Mona Homes Pty Ltd (1978) 138 CLR 423 Foran v Wight (1989) 169 CLR 385 Fox v Percy (2003) 214 CLR 118; [2003] HCA 22 Hensley v Reschke (1914) 18 CLR 452 Hochster v De la Tour (1853) 3 El & Bl 678 Hoffman v Cali [1985] 1 Qd R 253 Kuru v State of New South Wales (2008) 236 CLR 1; [2008] HCA 26 Michael Realty Pty Ltd v Carr [1977] 1 NSWLR 553 MMAL Rentals Pty Limited v Bruning (2004) 63 NSWLR 167; [2004] NSWCA 451 Peter Turnbull & Co Pty Ltd v Mundus Trading Co (Australasia) Pty Ltd (1954) 90 CLR 235 Psaltis v Shultz (1948) 76 CLR 547 Rawson v Hobbs (1961) 107 CLR 466 Sellars v Adelaide Petroleum NL (1994) 179 CLR 332 Sharjade Pty Ltd v The Commonwealth [2009] NSWCA 373; (2009) 15 BPR 28,443 Y P Barley Producers Ltd v E C Robertson Pty Ltd [1927] VLR 194 Category: Principal judgment Parties: Upside Property Group Pty Ltd (Appellant) Celal Tekin (Respondent) Representation: Counsel: J Stoljar SC and P Reynolds (Appellant) GA Sirtes SC and A Cornish (Respondent)