http://www.flat-chat.com.au/
have you tried this forum? lots of stuff about strata living etc in nsw?
thanks for the link - great idea - I've just posted there to hear about things from the other side of the fence
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http://www.flat-chat.com.au/
have you tried this forum? lots of stuff about strata living etc in nsw?
I would not be surprised if the repairs approach 3/4's of the construction cost. But it all depends on exactly where the issues are and how wide spread.
Tell me, whats the sinking fund balance? For a 105 unit block it should be in the several hundreds of thousands, if not the low millions
update
the vendor is an elderly lady and is apparently very spooked/disturbed about the whole strata issue and has reduced her asking price to $650k negotiable
someone else has bought the property for $660k now
That's strange
the agent claims that the buyer got a strata report and independent builders survey b4 buying
the agent claims that the buyer got a strata report and independent builders survey b4 buying