Mascot Towers saga finally comes to an end after five long years of hell for ... trends now

Mascot Towers saga finally comes to an end after five long years of hell for ... trends now
Mascot Towers saga finally comes to an end after five long years of hell for ... trends now

Mascot Towers saga finally comes to an end after five long years of hell for ... trends now

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Unit owners in the troubled Mascot Towers will finally be able move on after a majority voted to sell up to a consortium for a fraction of their purchase price. 

More than three-quarters of the owners of the 131 units and nine commercial tenancies in the development this week agreed to a deal which would see them paid a percentage of what their properties are worth.

Residents were evacuated in 2019 when severe structural defects including large cracks appeared in the southern Sydney buildings but had been paying thousands of dollars a month in mortgages and strata fees since. 

A rescue package was put to apartment owners in January compiled by NSW Building Commissioner David Chandler designed to waive the fees and pay out rock bottom prices for the uninhabitable residences.

The NSW government has given the plan it's final tick of approval drawing to a close the five-year-long drama.

Owner-occupiers at Sydney's infamous Mascot Towers (above) have battled millions of dollars worth of debt after their homes became uninhabitable

Owner-occupiers at Sydney's infamous Mascot Towers (above) have battled millions of dollars worth of debt after their homes became uninhabitable

The towers were evacuated in 2019 when structural defects including large cracks were found and the building declared unsafe

The towers were evacuated in 2019 when structural defects including large cracks were found and the building declared unsafe

One of the apartment owners, business manager Rachel Williams, 52, said she was surprised the plan was voted ahead with the prices being offered. 

'They improved their initial offer but I'm still surprised they reached a 75 per cent majority,' she told Doman.

'There's a lot of people still missing out. People had to register for

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