Treacy left Mascot Towers four years ago. Now she’s $1m in debt and has brain tumours

7 DECEMBER 2023

Desperate apartment owners in Sydney’s notorious Mascot Towers are appealing for the state government to buy their defect-riddled building after the NSW Supreme Court slammed shut the gate on their last-ditch exit strategy.

The apartment owners’ peak organisation, the Owners Corporation Network (OCN), is also calling for action. Executive director Karen Stiles said: “The OCN has sadly witnessed the four-and-a-half-year Mascot Towers debacle, caused by wholesale regulatory failure.

“These people did nothing more than buy a home and a dream. We hope that the new powers endowed on the building commissioner will bring this death by a thousand cuts to a swift, and fair, conclusion for these innocent purchasers.”

Read full article:> https://www.smh.com.au/property/news/treacy-left-mascot-towers-four-years-ago-now-she-s-1m-in-debt-and-has-brain-tumours-20231205-p5epaj.html

Related content:> https://ocn.org.au/no-effective-oversight-why-the-opal-and-mascot-towers-cases-may-be-the-tip-of-a-very-large-iceberg/