Buyer beware: Warnings of ‘rorts’ for new apartment buyers | Owners Corporation Network

Buyer beware: Warnings of ‘rorts’ for new apartment buyers

It’s been branded the biggest new rort in apartment living: a way of locking unwary new unit owners into expensive long-term contracts to pay for basic services the developer of the building should have provided. Instead of paying to install the necessary building infrastructure, such as gas, electricity, water, stormwater filtration, heating, airconditioning and internet access, some developers are transferring the costs onto owners via inflated service contracts.
Media Publication: 
Media Author: