On top of all written on this subject there is another mammoth problem for some apartment owners and that is cladding that will have to be removed from building , seemingly at a cost to apartment owners.
In the presss today in Melbourne there is a young owner of such an apartment that is up for $108,000 to have cladding replacement undertaken .
Its a sad situation for owners caught in this dilemma .
This all tells me that unless you really know what you are buying you should stay away from buying into such apartment complexes.
Buyers Beware at all costs - all of these issues will no doubt make apartment buying a perilous journey and you would have to expect the market for such properties will be further depressed .
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