Strata owners reluctant to force vulnerable neighbours to sell: survey
The Auntie Mabels of Strataland can sleep a little more soundly. For all the huffing and puffing about forced sales of apartments, the big bad wolves of property development won’t find it too easy to blow your houses down. Under laws due to come in mid next year, developers will need only 75 per cent of owners to agree to sell their strata scheme so they can redevelop or rebuild. Read the article………..
The state government has denied vulnerable homeowners will be forced out of their houses in controversial proposed changes to strata
Changing lifestyle considerations mean that many Australians will gravitate toward apartment developments in the future. Therefore it is important that
NSW Fair Trading Minister, Matthew Mason-Cox, said that more than 25% of the state’s population lives or works in strata