This law was meant to solve Sydney’s housing crisis. It’s left owners devastated
OCN Executive Director2023-10-06T18:06:07+11:001 OCTOBER 2023 The owners of apartments in crumbling old buildings who were offered multimillion-dollar sums by developers to hand them over for demolition and rebuilds have had their dreams dashed by loopholes in new legislation that was ironically intended to make redevelopments easier. Karen Stiles, executive officer of the apartment owners’ peak organisation the OCN, said repeated requests to reform the legislation had fallen on deaf ears. “The state government [...]