Hi all,
I was looking at the following property,
http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2008037229
1 bedroom in the city for 300k - Cheap!
It comes with a disclosure mentioning -
"Strata levies are $1813.70 per quarter.
This building is currently under administrator.
There are currently three court cases, with the building manager, the fire system consultant, and the carpark owner.
Council has issued a fire order on the building.
The rooftop membrane is no longer waterproof."
What does this mean for the potential buyer? Why are the fees so high?
I was looking at the following property,
http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2008037229
1 bedroom in the city for 300k - Cheap!
It comes with a disclosure mentioning -
"Strata levies are $1813.70 per quarter.
This building is currently under administrator.
There are currently three court cases, with the building manager, the fire system consultant, and the carpark owner.
Council has issued a fire order on the building.
The rooftop membrane is no longer waterproof."
What does this mean for the potential buyer? Why are the fees so high?