Owners of apartments in a defective sydney building have been left in limbo following the collapse of the block’s builder and developer, Alpine Projects Australia.
Rachel, in her early 30s, owns an apartment in a Campsie building in the city’s southwest, where she lives with her husband.
Alpine Projects Australia collapsed into liquidation on September 19 costing all 26 employees their jobs and with debts that “look to be in the millions”, according to liquidator Mohammad Najjar of Vanguard Insolvency.
Rachel told news.com.au that after receiving a clean building and strata bill of health when they bought their three bedroom apartment for $685,000 in 2019, problems started to emerge in the 58 unit complex a year later which “the owners corporation has had to fork out large amounts of money” to fix.
In 2020, the building failed its annual fire safety check but as it was only completed in 2018 the building was still under warranty, meaning the faults would need to be fixed – and paid for – by the builder.
In NSW, a statutory warranty period of six years for major defects and two years for other defects from the date of completion applies.
Rachel, who is on the strata committee, said that after approaches to Alpine were…
