Sydney Apartment Investors Fear Debt Trap As Levies Skyrocket

2022-02-08T15:07:11+11:00

Investors from retirees to single mothers on low incomes fear losing their properties after their strata levies jumped from under $2000 per quarter to more than $10,000 for building repairs they had no say in approving. Bright and Duggan told the Herald it was appointed to do work that the owners’ corporation had “failed to undertake over many years with the highest priority of ensuring the building can be safely occupied”. Executive director [...]