Advertisement
The owners of Sydney’s Mascot Towers apartments, which was evacuated over the weekend amid severe cracking, have been given until 1 August to pay a special levy worth thousands of dollars for each unit owned. From SBS News:
A document from strata management company Strata Choice, formally advising owners of a meeting on Thursday, reveals they will need to pay a special levy of $1.1 million, equating to thousands of dollars per unit, by August 1.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.