566 The High Court considered the operation of s 82 of the TPA once again in Henville v Walker.[652] Henville, an architect, sought and obtained advice and information from Walker, a real estate agent, about the anticipated selling prices for three units he was contemplating building and selling on a piece of residential land in Albany, Western Australia. Walker told Henville that there was a 'huge void' at the top end of the Albany market, that he was always getting enquiries for luxury top-of-the-range units from investors and retired people with money to spend, and that if three spacious units were built on the land in question, each could be sold for between $250,000 and $280,000 within six months of starting to market them. The statements about demand were wrong and the likely prices were substantially overestimated. Although Henville relied on this information in preparing a feasibility study for the bank, he in turn was careless in assessing the likely building costs and so substantially under-estimated the cost of the development. The result was an ill-considered exercise that erroneously anticipated a profit of $176,000 from the development. In the end, two of the units were sold, after great difficulty, for $185,000, while the third was sold for $175,000. Combined with problems of delay and rising interest rates, Henville made a loss of more than $300,000. At trial he gave evidence that if he had believed that the project would make a profit of less than $100,000, he probably would not have gone ahead with it.