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In April I paid for a strata report on a building containing a flat which I wanted to buy. The strata report found no problems, and I went ahead with the purchase. I have now found out that special levies are needed to pay for $600,000 in water damage, and that this damage, and the costs, had been clearly minuted in past meetings of the owners corporation. The strata report missed it. What redress, if any, do I have?
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