Onselling untitled land..nomination clause

Hey folks,

I’ve purchased a block in Melbourne’s West
Developer has delayed titles for almost a year and half now and are speaking of a further year on top

I want out of the contract but at today’s market price and not the contract price I paid when I purchased

The developer has told me I can leave the contract and they will reimburse my 10%
However I would prefer to nominate someone myself to take over the contract at the contract price and organise myself and the buyer an agreement for ‘consideration’ which will be my profit.

My question is this, can I nominate someone to takeover a contact if the purchaser section of the contract does not say ‘and or nominee’?

What steps should I take. My conveyancer is not very responsive

Thanks in advance

 

No.
You may be able to sell the land if your contract allows but you'd have to pay stamps and possibly CGT if there has been a capital gain.

 

Yes

Speak to a solicitor.