The Sydney Australian Pagoda (Opal Tower) allegedly "added about 500 defects ", and residents filed new lawsuits against the Sydney Olympic Park Authority (SOPA) and the New State government.
Shady Eskander, chairman of the australian pagoda owners` committee, told journalist today that the added flaws were mixed, ranging from external walls to water pressure, causing premiums to soar by "1000 per cent ", australian news reported.
"Our lives have suffered unimaginable losses and disruptions since the events of Christmas Eve 2018," said Iskander ." And unfortunately, we have found that our losses [are] much greater. "
On December 24,2018, nearly 300 residents of the 36-story building were evacuated because of the cracking of the inner wall of a building in Aota, resulting in a loud noise and shaking of the building.
A total of 393 luxury high-rise apartments house, priced between A $800,000 and A $2.5 million, and only just delivered in August 2018.
After the evacuation of the residents, repair work began almost immediately, and from January 2019, some residents were allowed to move back. But some people are not so lucky, even have to temporarily rent out for a year, the last need to repair the apartment until 2019 Christmas back to the owners.
A multi-million Australian dollar class-action lawsuit was launched in July 2019 against the Australian pagoda`s landowners, the Sydney Olympic Park Authority and the New State government.
The new proceedings now announced have also begun in the High Court of the New State. It is reported that the new lawsuit is aimed at the public area of the Australian pagoda, and last year`s class action focused on the loss of each apartment and owners, so this is a different lawsuit.
He said the new lawsuit would seek to recover court costs, fees for building investigation reports and requests to the Olympic Park Service to repair newly discovered defects in public areas.
He said the damage caused by the first cracking and other defects on December 24,2018, has sent the premium for the apartment building up to A $1 million.
"In the first year, it was $10,000," he said. "
To make matters worse, the owners now find themselves unable to obtain any type of loan from the bank because their property in the Aota is not a penny.
The resident, nefley (Andrew Neverly), told journalist that he had asked west pacific bank (Westpac) if it could remortgage the apartment and was told the bank would not lend to the australian pagoda.
When he bought the property, he "thought he was buying an australian dream ", but he was emptied of his pockets and lost his rental income, he said.
