Mascot Tower owners sue neighbours for structural defects

In June last year, Sydney’s 132-apartment Mascot Tower was evacuated after large cracks were discovered.

Fresh cracks appeared in February, prompting authorities to close shops and set up an exclusion zone around the building.

Then last month it was revealed that apartment owners are face a repair bill of $53 million, or $405,300 per apartment. Thus, they are effectively worthless beyond their land value.

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