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It is too early to say if this analysis is correct but the issues I raised earlier of people/banks taking a huge hair cut on units are coming to pass.
Real estate agent reveals hundreds of thousands of dollars ‘wiped off’ unit values
A one-bedroom apartment in Sydney’s embattled Mascot Towers complex was on the market for $740,000. Today, it’s virtually worthless.
https://www.news.com.au/finance/mon...s/news-story/96262d9d117f830f071ac101f4c749d6
I pity anybody who has an apartment that was built by the same builder as Mascot Towers. They too will suffer a huge financial loss even if no defects are found.