‘I have nothing left’: Stef is barely scraping by after her building received a nearly $7.5 million bill
An Australian apartment owner is facing a $52,500 bill for mandatory waterproofing repairs on her building. This case highlights the financial strain placed on unit owners by large-scale strata maintenance costs.
Why it matters
Addresses the growing crisis of strata management and unexpected financial burdens for apartment owners.
- 8.38pm . First published at 8.22pm
shares Share article Today we launch a new series to raise awareness over apartment owner rights. Nine
Exclusive: Stefanie Iannelli was on her way to work when she glanced at an email that sent her spiralling into a panic attack.
The Sydney woman knew her older apartment complex, which was built in the late 1990s, urgently needed repairs to fix water ingress issues.
Stefanie Iannelli has been hit with a $52,500 bill for the waterproofing. Stefanie Iannelli
Do you know more? Contact reporter April Glover at april.glover@nine.com.au
She had no idea the construction bill would be millions of dollars – effectively sending her broke.
Iannelli is one of the many Australians facing sky-high strata fees, which is part of nine.com.au ’s series to raise awareness over apartment owner rights and what you need to know before buying a unit.
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