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Veronica and Clifton haven't been able to live in their penthouse at Mascot Towers for five years. They've been offered a deal to rid them of the nightmare - but only at a fraction of the $2.2million it is worth

In June 2019, Veronica and Clifton Baker were among the 130 Mascot Tower residents who were forced to evacuate their homes due to cracking in the defect-fiddled building. ....

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Unit owners in Sydney's Mascot Towers offered chance to wipe debts years after defects found | Sydney

Deal suggested by NSW building commissioner comes after residents were forced to evacuate in 2019 ....

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Tenants kicked out of their homes in ill-fated Mascot Towers to be cut off from rental assistance

Families forced out of their homes in the ill-fated Mascot Towers will be cut off from government-funded rental assistance from July after cracks were found in the basement three years ago. ....

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Sydney's 'sinking' Mascot Towers: How 132 families have been locked out of their homes since 2019

More than 130 families who were forced out Sydney s sinking Mascot Towers after the building started cracking at the foundation still can t sell or rent their apartments two years down the track.
Owners who forked out millions buying their apartments in the city s inner-south could now lose everything, and they are calling on the government to step in.
After a building manager discovered cracks in the basement on June 16, 2019, all residents were given just four hours to evacuate the following day.
Fast forward to April 2021 and scores of lounge rooms are still laden with furniture, with bedrooms also remaining untouched.
The controversial Mascot Towers in Sydney s inner-south were closed in June 2019 amid fears the building would collapse ....

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Mascot Towers owners urged to sell as developers express interest in demolishing beleaguered block

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Owners of apartments in the troubled Mascot Towers building have been advised it is no longer financially viable to fix the building and that their best option is to sell up.
Key points:
Even then, losses are likely to be between 70-80 per cent of what they paid
Owners have two weeks to consider their position before a vote that needs complete agreement
At a meeting on Thursday night, owners were told several developers are interested in buying the building with a view to demolishing it and rebuilding from scratch.
Chair of the Mascot Towers Owners Corporation Gary Deigan told the ABC: The only solution in our mind is to sell the building off. ....

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