Podcast: Qld forced sales, big trouble in Little Bay

Tagged: body corporate, collective sales, development, forced sales, LittleBay, Meriton, phoenixing, Qld, VBA, victoria

This topic has 2 replies, 2 voices, and was last updated 1 year, 2 months ago by .

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21/02/2023 at 3:50 pm #67626
Jimmy-T
Keymaster
No sooner had we said last week that Queensland needed to look at their “collective sales” laws – allowing a super majority of owners to compel the mi
[See the full post at: Podcast: Qld forced sales, big trouble in Little Bay]

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.
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22/02/2023 at 3:56 pm #67641
jacko
Flatchatter
Re 75% of owners agreeing to sell a block to developers, a major issue is, like me, some owners are in a small minority in unit blocks (1 in 12 units in my case) so if a sale is forced, I have nowhere to live and cannot hope to buy something similar to where I am now (across the road from Maroubra beach).

Incidentally, you don’t need an apostrophe in plurals……… “phoenixer’s”…….

Cheers

Jack
22/02/2023 at 4:07 pm #67646
Jimmy-T
Keymaster
Chat-starter
jacko wrote:

Incidentally, you don’t need an apostrophe in plurals……… “phoenixer’s”…….

What? I didn’t, did I? I couldn’t have, could I? But there it is (was) in the transcript which is transcribed by artificial intelligence (Otter.ai) then supposedly tidied up by our social media person. She has been sacked and evicted from her tied cottage and is now sleeping in her car. That’ll larn her. But seriously, the oversight is mine (in both senses of the word).

Regarding the 75 per cent forced sale, there would be a final appeal to the Land and Environment Court – legal costs to be borne by the owners corp if they lose – which would give you a chance to show if the deal offered was neither fair nor reasonable.

I would think being bought out of your old block with insufficient funds to buy an apartment in the new one or in a comparable one nearby might well be considered a bad deal by the LEC.

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.
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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.

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.