One thing about these remediations is that the costs are so high that very few strata will be able to get enough votes to see them go ahead, and that means we are at the mercy of the developers.
If we assume $650k for a sale price per unit, and remediation costs of $200k, developers costs of $90k (loan, stamp duty, marketing) and profit of $60k, that makes their buying price about $300k. Land valuation is $140k. Is that a reasonable breakdown of the price, or is a developer just going to offer the land valuation and make lots of money? Or maybe somewhere in between.