Opinion
How to avoid buying an apartment in a problem building
Owners of units in defect-ridden Mascot Towers have a chance to put their financial nightmare behind them – but it comes at a price.
Jimmy ThomsonContributorLast weekend the owners of Mascot Towers, the defect-ridden strata block near Sydney Airport, were offered a way out of their financial pain with a plan that represents, for many, a least-worst option.
To recap, about five years ago all the residents of the 131-unit complex were evacuated and permanently excluded from the building after major cracks and subsidence appeared in critical structural elements.
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