• Creator
    Topic
  • #72210
    AI
    Flatchatter

      Hello,

      My husband and I are first home buyers and we are interested in buying a unit (to live in) in NSW. Upon reading the strata report we realised that one person has 3 properties in the complex of 10. According to Domain 35% of the properties in the building is an investment.  This person is one of two committee members. At the last 4 AGMs, 3to 5 people attended.

      Is this something we should be very concerned about? The idea that one person that we haven’t even met, seemingly has a lot of power over the building we may own in, makes us feel uneasy. But we are completely new to this and wanted to see what other, more experienced people thought of this.

      Thank you for your input 🙂

      • This topic was modified 1 month, 2 weeks ago by .
    Viewing 16 replies (of 16 total)
    • Author
      Replies
    • #72570
      AI
      Flatchatter
      Chat-starter

        Thank you kaindub,

        We are now looking at another property – I will call the strata manager and request to see the email records. Thank you for your advice 🙂

      Viewing 16 replies (of 16 total)
      • You must be logged in to reply to this topic.