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We’re going interstate and all-ages in this week’s mixed bag but we start with a council on Sydney’s North Shore that has been served with a repair or
[See the full post at: Podcast: Council cops unit block defects orders]The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
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Hi Jimmy & Sue
Enjoyed your podcast this week and found the section on retirment villages interesting – I have been giving these some thought as well. You didn’t mention the DMF (deferred management fee) which is payable on exit from the village – approximately 30% of the purchase price of your unit. This needs to be taken into consideration when prople consider this lifestyle option. The fact that the purchase price of the village unit (or villa) is much cheaper than market value in the surrounding area in the first place must be balanced against the DMF.
David.
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