› Forums › From the Front Page › Is rooftop waterproofing the latest strata scam? › Current Page
I’m wondering if this is one of those cases where mandatory maintenance projects are piled on to owners so that they are persuaded to sell to a developer. There’s one crook going around the Eastern suburbs of Sydney doing exactly that. He’s buying into blocks in need of repair, reporting them to council for fire safety non-compliance, and NCAT for failure to repair common property, then buying the units off frightened owners at (literally) knock-down prices, then selling to developers for demolition at a massive profit. It’s not illegal – he’s using the letter of the law – but immoral to the nth degree.
Maybe in this case the building is a bit too new for that – but if it’s on a chunk of prime real estate, who knows?