Apartments in Australia<\/p>\n
I have many Indonesian friends in Australia and Singapore and
\nthrough your paper I would like to bring to the notice of your
\nreaders the questionable methods used by some large developers in
\nAustralia who sell apartments to Indonesian citizens and
\nmanipulate the strata laws to gain huge profits.<\/p>\n
These developers, in some cases, also neglect building
\nregulations in regard to fireproofing these apartments, which
\nleaves all residents exposed to an increased risk in the case of
\nfire.<\/p>\n
A huge number of Indonesian citizens purchase these apartments
\nto accommodate their children while they attend universities in
\nSydney and it is of great concern that these children are exposed
\nto these risks.<\/p>\n
I have for two years attempted to get the New South Wales
\ngovernment to take appropriate action and stamp out these
\npractices, but to date, all efforts have been ignored.<\/p>\n
The strata law in New South Wales allows the lender to vote on
\nany matter affecting the apartment building and that vote takes
\nprecedence over the right of the borrower\/owner.<\/p>\n
The builder provides attractive finance packages to purchasers
\nin Australia and to Indonesian buyers, and the builder in this
\nway gains the voting power to manipulate the management of the
\nbuilding to their advantage.<\/p>\n
It sells the management rights to the apartment building for
\nmillions of dollars, committing future buyers to excessive levies
\nin meeting the terms of the contract, which are usually for a
\nperiod of fifteen years.<\/p>\n
The builder initially sets these levies at a ridiculously low
\nlevel to attract buyers, and within two years huge levy increases
\nare needed to meet running costs.<\/p>\n
The management it installs is a prodeveloper, which means that
\nvery little maintenance work is done by the developer under the
\nbuilding warranty as complaints are put off until the warranty
\nperiod expires or the complaints are not passed on from the
\nmanager to the builder.<\/p>\n
The building becomes run down and huge levy increases are
\nneeded, which makes the building unattractive to buyers if you
\nwish to resell.<\/p>\n
Your investment is put at risk by the deliberate abuse from
\nthese builders to the provisions on mortgagee priority voting
\ncontained in the Strata Schemes Act 1966.<\/p>\n
Thousands of apartment buyers are suffering losses as the
\nresult of this abuse by developers.<\/p>\n
Representatives should be installed by the Indonesian
\nauthorities to the New South Wales and Australian governments to
\nensure that its citizens are protected.<\/p>\n
DONE BATE<\/p>\n
N.S.W., Australia<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/apartments-in-australia-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }