What if the building has known defects?
It can still be a fine purchase if the defects are documented, costed, and there's a clear plan to fix them — funded either by the developer's warranty, the sinking fund, or a known special levy. Walk away if the picture is murky or owners are still arguing about what to do.
Get an independent assessment of the cost to fix and the likely timeline. Factor any future special levy into your purchase decision and offer. Many buyers negotiate the purchase price down by their share of the rectification cost. A specialist strata lawyer can advise on the strength of warranty claims.
By Reviewed by Last reviewed 2026-05-04
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From category: buying-in-strata