Normal
If the owner won't/can't pay, there are steps the Strata as with any business, can invoke legal steps to recover any monies owed.Not a nice position for the owners to find themselves in, there must be some sleepless nights for apartment owners at the moment, I think it will take quite some time for confidence to return to the apartment market.Having said that, there may well be some very good investment opportunities in that market, for the brave investor or someone looking to adopt apartment living.There are a lot of apartments, not all will have the issues that have presented.
If the owner won't/can't pay, there are steps the Strata as with any business, can invoke legal steps to recover any monies owed.
Not a nice position for the owners to find themselves in, there must be some sleepless nights for apartment owners at the moment, I think it will take quite some time for confidence to return to the apartment market.
Having said that, there may well be some very good investment opportunities in that market, for the brave investor or someone looking to adopt apartment living.
There are a lot of apartments, not all will have the issues that have presented.
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