3 votes in a complex of 10 – a red flag?

Hello,

My husband and I are first home buyers and we are interested in buying a unit (to live in) in NSW. Upon reading the strata report we realised that one person has 3 properties in the complex of 10. According to Domain 35% of the properties in the building is an investment.  This person is one of two committee members. At the last 4 AGMs, 3to 5 people attended.

Is this something we should be very concerned about? The idea that one person that we haven’t even met, seemingly has a lot of power over the building we may own in, makes us feel uneasy. But we are completely new to this and wanted to see what other, more experienced people thought of this.

Thank you for your input 🙂

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