New #property owners across #Australia are caught off guard by unexpected special levies for urgent maintenance. Many are surprised by these hefty bills that weren't disclosed clearly at the time of purchase. The bills are often due to defects, with 50-60% of new apartments nationally having issues. #PropertySurprise #AustraliaRealEstate #DefectsInNewBuilds #ausproperty #ponzischeme

https://www.theguardian.com/australia-news/2024/apr/21/completely-blindsided-new-owners-of-strata-properties-shocked-by-special-levies

‘Completely blindsided’: new owners of strata properties shocked by special levies

New owners across Australia forced to take second jobs or face bankruptcy due to sudden bills in the tens of thousands for urgent maintenance work

The Guardian