Podcast: NSW strata laws just don’t add up
Changes to NSW strata laws mean that if an investor has owner consent to buy 75% of an apartment block, the remaining 25% have to sell.
30 Dec 2015
In October 2015 new strata laws came into play in NSW that increased the rights of owners to jointly end a strata scheme with the agreement of 75% of owners instead of the current 100%.
Where does this leave the apartment owners that don’t want to sell? Mark Moraza from RP Data discusses the new laws with Heidi Armstrong and Steve Price on this week’s Small Business and Property Barometer.