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  • in reply to: 75% Unit Entitlements and Forced-Selling #24106

    An article in one Sydney newspaper (not sure if I could name it here) on Tuesday titled: “Anger as new strata laws approved

    As most newspaper titles go, this one is also a bit misleading.

    It was ‘approved’ by the party room: “LAWS allowing entire strata blocks to be sold to developers if 75 per cent of owners agree to sell will go ahead after a heated debate in the NSW Liberal party room yesterday.”

    One would wonder what this ‘heated debate’ in their party room would do to the passage of the LAWS – in its current forms.

    in reply to: 75% Unit Entitlements and Forced-Selling #24105

    Thanks Jimmy for your replies.

    Do we have any idea when the new reform laws would become effective – early 2016 or mid-2016 or later?

    Would they need to amend the 75% cut-off to get the necessary votes in the upper house?

    The figures used by (or proposed by) the WA seem more reasonable – with the older the complex, the lower the % required, but with 80% the minimum.

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