There’s only one story in strata this week – Toplace, the developer of the benighted Vicinity building, went into receivership, leaving owners with an estimated bill of between $50m and $100m to rescue the sagging high-rise.
Sue and to a lesser extent the Flat Chat website has been following this saga from day one. And it has a lot of moving parts, reading more like crime story than a property yarn.
There are disgraced politicians, anonymous death threats, absconding directors, fist fights at strata meetings, conspiracy theories (and genuine conspiracies), misinformed overseas and absent investors and heartbroken resident families.
And there, right in the midst of it all, NSW Building Commissioner David Chandler holds the line, refusing to be seduced, deterred or intimidated in his relentless pursuit of quality building practices in the apartment industry.
This week’s Flat Chat Wrap lifts the lid on all that and, sounding more like a true crime podcast than a chat about apartments, follows the timeline from high-rise dream to low-rent disaster.
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Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
