COMPULSORY ACQUISITION: Evictions versus holdouts: How to painlessly dissolve a Strata Title

No doubt some NSW Pollies have such full pockets (that their Daks are dragging down) having given their developer mates all they could wish for … not the least of the list being the NSW Strata Law changes …

The Government policies leading to the “new” Australian norm of living in fugly, high density, concrete, intensive-farming-like containers … is causing Australians to lose ACTUAL OWNERSHIP. Whilst there may be legislation for compulsory acquisitions, if you live in a STRATA situation, the current legislation means that Developers can approach an Owners Corporation to vote on whether they agree to sell the building to them.  And depending on the “deal”… the Owners may receive a fair or not fair payment.

But will any payout ever be sufficient to re-establish in the same location or better… DON’T count on it🤨

The Developer/majority Owners will control your fate, and you may well lose your location to established relationships and support services and groups.

STRATA = A LOSS OF SOVEREIGNTY AND SECURITY

FURTHER …

Such a sell-out may well mean, e.g. an elderly vulnerable resident is forced out of their home against their wishes … and with 85% of new dwellings found to be defective on completion (Engineers Aust. reports); externally clad in flammable polyethylene aluminium cladding, an additional lift levy and an inadequate sinking fund – one may get more than they wish for!  At least the 60s walk-up does not have these issues …

Evictions versus holdouts: How to painlessly dissolve a strata title