It is more important than ever to do your research when buying strata property as a home buyer or downsizer or investor.
When buying a strata property, always do your research on the builder and the building as well as obtaining a strata report & a building report.
“When defects are discovered, owners will often seek to solve the problem under the radar, so they don’t suffer the same fate as the owners of the Mascot and Opal developments: inability to rent or sell.” This is because defects will reduce the price at which a seller can market their property or rent the property.
Call eConveyancing NSW (02) 4049 5989 for assistance and we can recommend experts to assist you in your search for the right property for you needs before you sign contracts or waste any money on a deposit.
SMH SOURCE STORY ON MASCOT BUILDING https://bit.ly/2xaBFi8