West Connex-style losses feared over new forced strata sales
Apartment owners forced to sell their units under new strata laws could lose hundreds of thousands of dollars in a controversial West Connex-style value gap, it has been claimed. Shadow Minister for strata issues Yasmin Catley says home owners should be given what they would have accepted if they had willingly sold, and has accused the government of covering up its true intentions with “obfuscation and spin”. Read the article…………..
It’s a quirk in strata law that’s about to be fixed, bringing it into line with tenancy laws. Under the
This article about unfair contracts in strata has been supplied by Frank Higginson, Hynes Legal. As part of the Australian
The Barnett Government has given its strongest indication yet that major strata law reform will be coming to our apartment