When it comes to Australian property, not all homes are created equal. Freestanding houses typically grow strongly in value over time, but apartments, especially those in large strata complexes, often struggle to keep up.
Here are the top ten risks buyers face when purchasing an apartment in a strata property in Australia, along with tips to mitigate each risk before buying.
Up to 60 per cent of new apartments in Australia are riddled with construction flaws including cracked foundations, water leaks, balcony defects and flammable cladding.
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