#30304
Jimmy-T
Keymaster

    I would want to know why the rest of the owners are thinking of selling.  Is it opportunistic or are there problems that they have been keeping quiet (until your vendor has sold) that they can’t afford to fix?

    The tax issue is a trade-off and you should get advice on that. But I would be asking your conveyancer for a forensic study of the strata minutes before getting the chequebook out.  And talk to the other owners if you can – they might know why the vendor is selling at such an odd time.

    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.