Australia: Mascot Towers owners appeal for govt help (NSW)

Apartment owners in Sydney’s cracked Mascot Towers have pleaded for the NSW government to help fund remediation work before the building suffers further damage.  Better Regulation Minister Kevin Anderson and Premier Gladys Berejiklian were asked about providing low interest loans in parliament on Tuesday.   Read the article……………………..

Australia: Many Mascot Towers owners can’t pay levy

Apartment owners in Sydney’s cracked Mascot Towers have asked for the NSW government to help fund remediation works because a third of them can’t afford to pay a special levy.  Residents of the 132 apartments were evacuated in mid-June due to cracking in the primary support structure and facade masonry.   Read the article…………………………

Australia: ’24/7 presence:’ Building manager who built underground cave amid stolen goods also allegedly hacked apartment security database (NSW)

A strata apartment manager, who built an ‘Aladdin’s-cave’ inside the complex filled with hundreds of stolen items, watched residents on an allegedly hacked CCTV system from his makeshift bedroom.  Jaden Hati, 42, was arrested late last month, following an investigation into the theft of hundreds of items stolen from the underground storage cages of residents […]

Australia: Mascot Towers owners vote to pay $7m levy to fix cracked complex

They have been pushed to the brink of financial ruin, but residents of the doomed Mascot Towers are forking out yet again, agreeing to pay more than $7 million to start repairs on their damaged home.  Three hundred people attended an extraordinary meeting last night where a vote was held on whether to bankroll stage […]

Australia: Mascot Towers owners slapped with whopping $10 million bill

Residents of Mascot Towers in Sydney were evacuated in June this year, following persistent cracking throughout the building.  The emergency repairs were initially touted to cost $5.5 million, but new reports say the owners are now facing a whopping $10 million bill to fix the defects – which is a cost of $76,000 per unit.  […]

Australia: NSW warned of more lawsuits over buildings

The NSW government is being warned it could face a multi-billion dollar lawsuit from apartment owners if it doesn’t urgently address the state’s building problems.  The peak body representing strata residents and owners will on Wednesday meet with the government to demand it fix the “dog’s breakfast” in construction standards and flammable cladding.    Read the […]