{"id":843822,"date":"2026-08-05T01:08:09","date_gmt":"2026-08-05T01:08:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/843822\/"},"modified":"2026-08-05T01:08:09","modified_gmt":"2026-08-05T01:08:09","slug":"i-have-nothing-left-owners-64k-strata-ordeal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/843822\/","title":{"rendered":"\u2018I have nothing left\u2019: Owner\u2019s $64k strata ordeal"},"content":{"rendered":"<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">An apartment owner in Sydney\u2019s inner west has been hit with a staggering $64,000 bill to fix defects in her building, after a strata loan left her paying thousands more in interest she says she never wanted.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Stefanie Iannelli was already bracing for a hefty cost when her apartment block was told it needed millions of dollars\u2019 worth of waterproofing repairs.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">But the shock got worse when she opened an email from her strata manager and learnt the total repair bill for the 120-unit complex had blown out to $7.5m<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Her share alone came to $52,500.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Then came the sting.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">MORE NEWS<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"><a href=\"https:\/\/www.realestate.com.au\/news\/my-dream-sydney-balcony-cost-my-neighbours-105000-in-a-strata-nightmare\/?campaignType=external&amp;campaignChannel=syndication&amp;campaignName=ncacont&amp;campaignContent=&amp;campaignSource=the_advertiser&amp;campaignPlacement=article\" target=\"_blank\" title=\"www.realestate.com.au\" rel=\"noopener nofollow\">Neighbours forced to pay $105k for man\u2019s reno<\/a><\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"><a href=\"https:\/\/www.realestate.com.au\/news\/the-hidden-plumbing-mistakes-silently-wrecking-aussie-homes\/?campaignType=external&amp;campaignChannel=syndication&amp;campaignName=ncacont&amp;campaignContent=&amp;campaignSource=the_advertiser&amp;campaignPlacement=realestatemodule\" target=\"_blank\" title=\"www.realestate.com.au\" rel=\"noopener nofollow\">\u2018Nightmare\u2019: Plumber\u2019s $10k home repair warning<\/a><\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"><a href=\"https:\/\/www.realestate.com.au\/news\/we-cant-outrun-it-family-quits-australia-for-debtfree-life-in-italy\/?campaignType=external&amp;campaignChannel=syndication&amp;campaignName=ncacont&amp;campaignContent=&amp;campaignSource=the_advertiser&amp;campaignPlacement=realestatemodule\" target=\"_blank\" title=\"www.realestate.com.au\" rel=\"noopener nofollow\">\u2018Smile and wave\u2019: Family quits \u2018unreal\u2019 Aussie dream<\/a><\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Even though Ms Iannelli said she could afford to pay the amount upfront, the owners corporation voted to take out a four-year strata loan to fund the works, meaning she was forced to cop another $12,000 in interest \u2013 taking her total bill to $64,000.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">\u201cI knew this was going to cost a lot, but I really had no idea,\u201d she told <a href=\"https:\/\/www.nine.com.au\/australia-news\/i-have-nothing-left-stef-is-barely-scraping-by-after-her-building-received-a-7-5-million-bill-20260723-p60hwq.html\" target=\"_blank\" title=\"www.nine.com.au\" rel=\"noopener nofollow\">nine.com.au<\/a>.<\/p>\n<p><img fetchpriority=\"high\" class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post-1151563 wp-image-1151557\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1151557\" data-capiid=\"320f883e9cd36200ccc8a5341f391534\" width=\"1280\" height=\"720\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1280 720&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1151557\" class=\"wp-caption-text\">Stefanie Iannelli has been hit with a $64,000 bill for the waterproofing.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">The repairs were needed to fix water leaks and carry out extensive waterproofing, work that is generally required every 25 years.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Under NSW strata laws, a strata loan can be approved by majority vote at a general meeting. Once it gets the green light, every owner in the complex has to help repay it, whether they want the loan or not.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">For Ms Iannelli, who lives alone, the financial hit has been brutal.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">\u201cThe amount of money I have to put aside every fortnight, every payday, is more than my mortgage,\u201d she said.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">\u201cThe regular strata cost is $2150 (a 76 per cent increase) at the same time as the four-year strata loan started which is $4028 a quarter, so I\u2019m paying $6179 a quarter.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">\u201cI have nothing left.\u201d<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">MORE NEWS: <a href=\"https:\/\/www.realestate.com.au\/news\/woman-exposes-10year-home-insurance-battle\/?campaignType=external&amp;campaignChannel=syndication&amp;campaignName=ncacont&amp;campaignContent=&amp;campaignSource=the_advertiser&amp;campaignPlacement=realestatemodule\" target=\"_blank\" title=\"www.realestate.com.au\" rel=\"noopener nofollow\">\u2018Waiting for me to die\u2019: Woman\u2019s 10-year home hell<\/a><\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post-1151563 wp-image-1151558\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1151558\" data-capiid=\"f65e3511f3ff1b67f30bd708a8f33098\" width=\"1280\" height=\"720\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1280 720&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1151558\" class=\"wp-caption-text\">The construction work at Iannelli\u2019s complex has already begun. Source: Stefanie Iannelli<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Ms Iannelli, who bought into the complex in 2007, said the ordeal had left her asking why the building had not planned for such a predictable expense.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">\u201cWhy didn\u2019t we have the funds? If things like the waterproofing do deteriorate after 25 years, why wasn\u2019t it in the budget?\u201d Iannelli asked.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">\u201cAnd here does that leave owners like me?\u201d<\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post-1151563 wp-image-1151559\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1151559\" data-capiid=\"ea601cd9d16cff74b41e2304f7ee8a77\" width=\"847\" height=\"169\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 847 169&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1151559\" class=\"wp-caption-text\">The total bill, with interest, comes to $7.5 million. Source: Nine<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">About 15 per cent of Australians now live in strata properties, according to the latest Strata Insights Report from the University of New South Wales, meaning more households than ever are exposed to the risks of costly shared repairs.<\/p>\n<p>The nightmare behind a dream balcony<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">In another Sydney case, apartment owner Tim McIntyre revealed his <a href=\"https:\/\/www.realestate.com.au\/news\/my-dream-sydney-balcony-cost-my-neighbours-105000-in-a-strata-nightmare\/?campaignType=external&amp;campaignChannel=syndication&amp;campaignName=ncacont&amp;campaignContent=&amp;campaignSource=the_advertiser&amp;campaignPlacement=article\" title=\"www.realestate.com.au\" rel=\"nofollow noopener\" target=\"_blank\">neighbours were each slugged $15,000<\/a> after a leak traced back to his giant balcony uncovered major defects.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">He said he and his partner bought the unit in 2012 during a quieter patch in the Sydney market and thought they had found a bargain.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">\u201cAt the open inspection for this apartment, we were the only ones there. Must be a dud, we thought upon entering,\u201d he said.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Inside, the apartment felt small \u2013 until they discovered an enormous balcony off the second bedroom and instantly fell in love.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">\u201cRectangle shaped, it was essentially the same size as all the internal rooms put together,\u201d he said.<\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post-1151563 wp-image-1151560\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1151560\" data-capiid=\"8cca391c1c35ad22e05c7c2c62dd6ea2\" width=\"1280\" height=\"720\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1280 720&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1151560\" class=\"wp-caption-text\">The balcony was a winning feature for a Sydney apartment owner, but it cost his neighbours a lot of money.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">But weeks later, strata alerted them to complaints from a neighbour below, a mother and baby, who had damp spreading through their ceiling and walls.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">The cause was eventually traced to their balcony.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">A waterproofing and construction assessment found a major failure in the building membrane. Inspectors also found the balcony railing was too low to meet modern safety standards.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">The result was a massive repair job involving resealing the roof garden and installing new, higher balustrades.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">The price tag hit $105,000.<\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post-1151563 wp-image-1151561\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1151561\" data-capiid=\"732d48e0405b6bc81f41e6188a6dbbb5\" width=\"1280\" height=\"720\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1280 720&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1151561\" class=\"wp-caption-text\">Source: Australasian Strata Insights | UNSW<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">To the horror of fellow owners, the cost was split across the building because the balcony was considered part of the external structure and therefore common property.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">\u201cOne of the owners who had been there for many years blamed the damage on the former owner of our apartment, a reclusive elderly gentleman who had passed away,\u201d Mr McIntyre said.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">\u201cApparently his \u201cmassive pot plants\u201d were too heavy and had no doubt caused the damage, despite having being warned by that other owner a number of times.\u201d<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">In the end, apartment owners parted with thousands of dollars, while construction proved to disruptive for the mum with the baby that they were forced to find a new rental.<\/p>\n","protected":false},"excerpt":{"rendered":"An apartment owner in Sydney\u2019s inner west has been hit with a staggering $64,000 bill to fix defects&hellip;\n","protected":false},"author":2,"featured_media":843823,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-843822","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/843822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=843822"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/843822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/843823"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=843822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=843822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=843822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}