VIC Coowners forced sale of property

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avis

Member
7 July 2019
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3 coowners in holiday house. One wishes to be bought out or go to public sale. An independent valuation agreed to by all parties was sought. An offer by the other 2 owners of 1/3 or the valuation price was made. Owner wishing to sell will not accept this. Thinks the property is worth $100,000 more. Wants this amount added to the market price and then paid out. Has given one week for others to decide otherwise will go to VCAT to force a sale. Is this possible
 

Rod

Lawyer
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27 May 2014
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Yes.