Thanks for the feedback Jimmy T – do you know the name of the case that established that valuation principle by chance, so I can look it up?
No one is looking for a ‘free’ ride (at least none of the people proposing a major renovation) but it is in the interests of everyone that we move forward, otherwise we are all going to feel the sting of $300,000 in common area building repairs that deliver effectively no increase in quality of living to anyone (its all structural maintenance).
Interesting that you say that about levies, we have sought a couple of legal opinions and their view was that a levy increase would only apply if there was a strata subdivision. Of course, that is another topic for mutual agreement.