Trapped in My Dream Home: No Lifts, No Answers - Sydney Strata Nightmare

In the heart of Bankstown, Sydney, a crisis unfolds in a nine-storey apartment complex, where the breakdown of both lifts has left residents stranded and sparked a community-wide conflict. James, a resident on the eighth floor, describes his daily struggle of navigating the stairs as a "nightmare." The situation is even more dire for individuals like Martha, an elderly woman forced to relocate temporarily to attend medical appointments, and Tom, a wheelchair-bound resident now separated from his home and wife. The building, housing over 90 apartments, should have resolved these critical issues swiftly, yet residents face an additional financial burden: a $35,000 levy on top of $3.6 million already collected in strata fees.
Reference articles
www.realestate.com.au/news/th...
propertyupdate.com.au/what-yo...
au.finance.yahoo.com/news/bro...
www.acebodycorp.com.au/the-im...
www.afr.com/property/resident...
00:00 Trapped in My Dream Home: No Lifts, No Answers - Sydney Strata Nightmare
01:52 1. Understand Strata Ownership
02:58 2. Review Strata Plan and By-Laws
04:27 3. Assess Financials and Levies
06:14 4. Inspect property thoroughly
07:03 5. Understand the Insurance Cover
08:30 How to protect yourself when buying strata property
09:16 Get legal advice from a lawyer or conveyancer
10:52 Conclusion
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[@kienhwengtai8113]

What a clusterf ... but strata hate spending money.

[@MortgageBrokerAustralia]

Yeah pretty horrible stuff!

[@SByoutube123]

Why won't live in an apartment building.

[@Freestyle80]

Dont buy Western Sydney units that were built after 2010 lol
I just bought one, unit has no lifts and was built 2004, seems much safer bet (red brick home too)