Property owners that own a strata property should be very concerned if they have no intentions of ever selling their home they live in.
With the new laws that will be coming in if someone gets 75% you are going to have no choice if everyone else wants to sell out.
This proposed law change will be going before Parliament next month.
I think it’s a bit too late now to be honest to stop this bill going ahead, it’s a bit like trying to shut the gate after the horse has bolted.
It will be a lot harder with those buildings that have 50+ more units as it is always hard to get them all to agree, what it will be dangerous for are the smaller groups.
If you want to know more about the new law coming in I believe you should contact Mr Kim Beazley your WA Governor.