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@AYK said:
By the way, where did you get the legal advice? They might have offices in Sydney. It might be useful to get some legal advice before commencement.
We used Teys Lawyers who don’t exist quite as they did. Michael Teys, who provided the advice is now at: https://blockstrata.com.au/strata-law/
My reaction is still to not be keen on the auction aspect of your proposal. Perhaps better to collectively agree what would be reasonable compensation for getting one of the poorer spaces before then drawing numbers out of a hat for who gets which.
Let’s say one space is least desirable, two are middling and one is more desirable. Perhaps the deal could be that the middle two can be allocated without adjustment, the poorer one is allocated with a plus $X adjustment and the better one is allocated with a minus $X adjustment.
A resolution to allocate the spaces could also specify the witnessed process of drawing lots.
Just my suggestion and speaking to a lawyer could be a good idea!