Apartment owners still paying after building condemned | A Current Affair

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"Broken" Mascot Towers apartment owners who've been slugged paying interest on a $15 million loan to repair their condemned building have been dealt another blow, when the Reserve Bank of Australia (RBA) increased its interest rates. Unit owners told A Current Affair they're facing financial ruin as the cash rate hike on mortgages rose by another 0.25 per cent today. Their interest payments on the loan make up the bulk of the strata fees they continue to pay for their dud units, some as high as $8500 per quarter.
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A Current Affair covers the realms of politics, crime, human rights, science, technology, celebrities and entertainment - all investigated by a dedicated team. A Current Affairs airs weeknights 7.00pm on Channel 9
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