A group of apartment owners in sydney‘s north has had to find millions of dollars to rectify defects in their complex which emerged since it was completed 10 years ago.
Key points:
- The owners estimate it has cost them several million dollars to rectify the defects over the past decade
- Strata chair Andrew Murray said owners were frustrated
- A spokesperson for the parent company behind the project says it has a “reputation built on quality”
The developer behind the project — 82-84 Belmore Street Pty Ltd — was liquidated two years after the apartments were built.
The four buildings between Belmore and Porter Streets in Ryde, known as the Bayview Apartments, contain about 350 units and were completed in 2010.
It is the latest apartment complex in Greater Sydney revealed to have left owners out of pocket due to defects within the first few years of settlement.
The owners estimate it has cost them several million dollars to rectify the defects over the past decade.
Among the problems to emerge was a plastic hot water pipe system in buildings C and D that had to be replaced with a copper network in 2018, costing $2.8 million between about 150 unit owners.
Burst pipes in the buildings set unit-owners back more than $132,000 over four…
