defects

Philip has been waiting 10 years for strata to fix a leak in his apartment

2024-02-05T15:32:03+11:00

3 FEBRUARY 2024 For a decade Philip Baigent endured water pooling on his balcony and leaking into his flat, warping the floorboards and causing mould. Karen Stiles, the executive director of the Owners’ Corporation Network of Australia, says governments set up strata as a housing model, but “don’t support it in any way”. “For example, owners’ corporations are not eligible for disaster relief because that’s only available to individuals and small [...]

Philip has been waiting 10 years for strata to fix a leak in his apartment2024-02-05T15:32:03+11:00

Chinese developer ordered to fix defects in 900 apartment complex

2024-01-23T14:42:53+11:00

17 JANUARY 2024 People who bought into the Lachlan’s Line apartment complex in Sydney’s North were promised a “prestigious new community”. Now they’ve discovered the basement floors in all four blocks are at risk of collapse. Karen Stiles, executive director of the advocacy group Owners Corporation Network welcomed the order which follows increased scrutiny of apartment developments.  The Macquarie Park apartment’s car parks on the basement level are at risk of [...]

Chinese developer ordered to fix defects in 900 apartment complex2024-01-23T14:42:53+11:00

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

2023-12-07T14:44:55+11:00

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. [...]

Treacy left Mascot Towers four years ago. Now she’s $1m in debt and has brain tumours2023-12-07T14:44:55+11:00

Elizabeth Farrelly on the Sydneyist Radio Program

2024-01-10T15:16:05+11:00

Karen Stiles talked with Dr Elizabeth Farrelly, Sydney-based author, architecture critic, essayist, columnist and speaker. We canvassed topics such as tips and tricks for buying off the plan, the scourge of building defects, a new phrase "strata-induced poverty", and the wonderful strata living construct. Listen to the 23/11/23 segment:> https://eastsidefm.org/thesydneyist/ Related information:> https://ocn.org.au/off-the-plan-contracts-for-residential-properties/

Elizabeth Farrelly on the Sydneyist Radio Program2024-01-10T15:16:05+11:00

Elephant In The Room Property Podcast

2023-11-17T10:46:06+11:00

30 OCTOBER 2023 OCN discussed "Strata Properties: What's Changing and Why? with buyers agent Veronica Morgan and mortgage broker Chris Bates. Listen here:> https://www.theelephantintheroom.com.au/podcasts/304 00:00 - Introduction 01:25 - Who is Karen Stiles? 02:26 - Building commission changes in NSW and its impact on property owners 08:02 - Complexities, challenges, and risks in strata property insurance 13:21 - Can the strata commissioner contribute to improved strata property management? 14:48 - [...]

Elephant In The Room Property Podcast2023-11-17T10:46:06+11:00

Buyers of defective Sydney apartments allowed to break contracts, recoup deposits | ABC News

2023-11-02T17:06:38+11:00

27 OCTOBER 2023 A landmark deal has been struck allowing people who bought apartments with major defects to get their deposit back. The deal will apply to more than a hundred people who purchased units in Sydney's Imperial Towers. Described as a 'radical' first for New South Wales, the breakthrough is expected to make waves across the finance industry. Watch the full video:> HERE

Buyers of defective Sydney apartments allowed to break contracts, recoup deposits | ABC News2023-11-02T17:06:38+11:00

Buyers of defective Imperial Towers apartments in Sydney allowed to break contracts, recoup deposits in ‘radical’ first

2023-10-30T18:34:39+11:00

27 OCTOBER 2023 Nearly 100 people who purchased defective apartments in a Western Sydney development will have their contracts rescinded and deposits returned under a landmark agreement. Key points: Government inspectors found "serious defects" in 2021 and stopped buyers from moving in Developer said "serious defects" had been rectified prior to the receiver being appointed Apartments can't be sold for 10 years, and future buyers must be alerted to any defects [...]

Buyers of defective Imperial Towers apartments in Sydney allowed to break contracts, recoup deposits in ‘radical’ first2023-10-30T18:34:39+11:00
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