<
https://www.abc.net.au/news/2023-04-14/aurora-melbourne-central-apartment-building-fallout/102139446>
'Shanghai resident Louis Yu is proud of his four investment properties in
Melbourne and found them easy to manage from China — until one of his
apartments became a "headache".
That apartment is part of Aurora Melbourne Central, one of the tallest
residential buildings in Melbourne with more than 1,000 dwellings.
"We thought [Australian real estate] was a mature market and it was supposed to
be well regulated," Mr Yu said.
Mr Yu was approached, on the Chinese messaging app WeChat, by a woman asking
him for his Aurora apartment "vote".
Mr Yu said Hung-Jing Tiong, known to residents as Jing, provided a form in
English which he signed without fully understanding what it said or meant.
His experience is one of several similar stories other overseas investors —
with apartments in the same building — have told the ABC.'
Australia’s equivalent of the dreaded US HOA.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
