
Sue and Gary thought they'd bought a dream home to retire in. Now they're not allowed to live in it, not allowed to sell it... and are STILL forking out fees four years later. This is the grim reality
Daily MailA couple have lost almost $1million - and are still paying body corporate fees - for a home they haven't been able to live in for four years. Over the past four years, Mascot Towers homeowners have been forced to pay off their mortgages and pay strata costs for the defect-ridden building, on top of paying for the cost of living elsewhere. Despite their ordeal, the couple said there are other fellow homeowners who are in far worse situations than them Desperate to return home, owners initially raised money to take out a $22million loan to repair the foundations of the building - but despite $15million already having been spent, the apartment blocks are still unfit for reoccupation. Sue's daughter Sally Prosser opened up about her parents' plight in a now-viral TikTok video However, for the scheme to proceed, at least 75 per cent of owners must agree to sell - and those who own their property outright or have significantly paid down their mortgage will lose any equity they have gained over the past four years. 'Chris Minns, campaigned alongside the Mascot Owners and told them and voters that he would partner with owners to remediate the building and allow them to safely return,' Mascot Towers strata committee said in a news release last month.
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