Mascot Towers sale deal to end five years of ‘purgatory’ for owners of defect-riddled Sydney apartments
A majority of owners agree to deal, which will give them a share of the $30m building price and support from the NSW governmentFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastFive years of legal headaches may soon be over for apartment owners in the defect-riddled Mascot Towers in Sydney, with a deal allowing them to sell their homes and walk away debt-free.A majority of owners have agreed to a deal struck by the New South Wales government, which allows them to sell to a third-party commercial consortium rather than having to sell as a collective. Continue reading...
A majority of owners agree to deal, which will give them a share of the $30m building price and support from the NSW government
- Follow our Australia news live blog for latest updates
- Get our morning and afternoon news emails, free app or daily news podcast
Five years of legal headaches may soon be over for apartment owners in the defect-riddled Mascot Towers in Sydney, with a deal allowing them to sell their homes and walk away debt-free.
A majority of owners have agreed to a deal struck by the New South Wales government, which allows them to sell to a third-party commercial consortium rather than having to sell as a collective. Continue reading...
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