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Good point made by Handy Andy..... If it is 50k below comparable sales or say 10% below MV then it may be worth looking at - if you are not bothered about the hassle that may be involved with in fixing uop the strata management issues and any building works??

Are you able to contact other owners and/or the committee? Am unsure about this but just suggesting? If possible, see if they have current issues and whether he has promised them to 'fix the strata management'.... If he has, it is possible they will never be fixed? Are they building...