#61656
Jimmy-T
Keymaster

    The Strata Loan idea (for some) is now canned. Due to the reasons you highlighted.

    I really feel for the owners who are already doing it tough for whom strata loan repayments might be manageable but a special levy would be disastrous.

    It may be a generalisation but the wealthiest in a strata block tend to have the larger apartments and therefore the most power (and the higher levies).

    The State government needs to pull its finger out and change the law to allow for a split payments system that allows some owners to contribute a lumps sum while others add repayments of a strata loan to their levies.

    Maybe our invisible Fair Trading Minister will suddenly reappear and make this happen.

     

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.