New NSW strata legislation, opportunity and options

Paul MortonUncategorized

New strata laws that come into force today will make it easier for apartment owners to update or redevelop ageing unit blocks. Previously, a strata scheme can only be terminated if 100 per cent of owners agree, but from today, a vote of 75 per cent will allow the collective owners to either sell the property or redevelop it themselves. Lannock Strata Finance CEO Paul Morton, whose company is a leader in strata loans, says the reforms represent a golden … Read More