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Windows located in an external wall should be a common property responsibility in your heritage building.
From the Land and Property Information site of the NSW govt is this:
The original legislation (i.e. prior to 1974) provided that the boundary between separate lots or between lots and common property was the centreline of the dividing structures being walls, floors or ceilings. Upon the commencement of the new legislation on 1 July 1974 these boundaries, for previously registered plans, moved to the inner face of the walls, the upper surface of the floors and the lower surface of the ceilings. The structure then became common property.
See here:
https://rgdirections.lpi.nsw.gov.au/strata_schemes/miscellaneous/pre_1974_plans
If your scheme was registered in 1972 then the boundary would have moved from the centreline to the inner face in 1974. In my opinion your strata scheme EC is correct in determining that the windows are located on common property.
The window repairs should be standardized if the strata scheme is responsible for the maintenance and repair of common property.
However, if you have concerns about the cost then you can always raise your own Motion via the Secretary of the strata scheme proposing your cheaper alternative. Your alternative motion can then be voted on at the General Meeting along with the the Motion favoured by the EC. Make sure that you send your Motion to the Secretary BEFORE the Agenda is sent to the Lot owners, or it will not be included on the Agenda.
Be mindful that if you are in the minority you may end up paying the levy and having the windows repaired in a way that the majority decides.