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 Home truth: compulsory acquisition by council leaves OZschwitz family in distress

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RR Phantom

RR Phantom

Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary

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PostSubject: Home truth: compulsory acquisition by council leaves OZschwitz family in distress   Home truth: compulsory acquisition by council leaves OZschwitz family in distress Icon_minitimeFri Jun 20, 2014 9:41 pm

Sheryll Young discovered the council was planning to buy her home only when she tried to put it up for sale.

Home truth: compulsory acquisition by council leaves OZschwitz family in distress Yyy-w-blightedhome-20140620203342263732-620x349

And lawyers say a loophole has left several other Sydney families living in a similar purgatory with "blighted" houses they cannot sell.

It was 2008 and Mrs Young's family was seeking to sell their Gordon house to lessen the blow of the global financial crisis, five years after remortgaging to renovate their century-old timber cottage she has called home for two decades.

Then the real estate agent hired to sell the house saw draft zoning plans that marked the house for compulsory acquisition to make way for a new road.

"He just said: 'fat chance'," she recalls of the proposed sale.

Ku-ring-gai Council had effectively given every potential buyer notice that at some stage it intended to compulsorily buy the house, without having to offer Mrs Young a cent of compensation.

http://www.smh.com.au/nsw/home-truth-compulsory-acquisition-by-council-leaves-family-in-distress-20140620-zsfjb.html
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