am I entitled to view body corp minutes?

Hi

looking at an apartment auction next week, I've seen the general points discussed in the last AGM but no detail

raised this with the agent who explained some of them to me but I want to read the minutes myself
i requested again

am I entitled to see them?

Auction in Vic

 

Full minutes from last meeting should be in the vendors statement

 

Yes. It’s a legal requirement that they include the minutes of the last AGM. If the minutes refer to any reports, you can request to see those reports.

If they refuse to provide the minutes or reports, that’s not a good sign. What are they hiding?

 

Hi thanks for your comments
within the contract of sale and section 32 there is a breakdown of the meeting but the bit that interested me was 'general business' that was just bullet points, no detail
see attached

yes it is managed by an OC company

the agent responded to my follow up email today and said they were working on it [finding the details for me]

also my solicitor mentioned the annual meeting is overdue, probably because of the pandemic

 

yeah fair point I wondered that

the agent did explain away the hot water issue though so I figured maybe some of these other items were ongoing
I mean short stay? the block is 7 years old, surely this has been raised before
the sound issues also interested me
judging by the rest of the minutes everything else discussed was just financials and who had turned up
the seller i noticed is also on the committee so it cant be that hard to get more info, unless like you said...all new points raised to be discussed

 

241 apartments within 2 towers
yes will be my PPOR

changing after 6 years, yeah not sure why, they would have managed from day 1 or thereabouts

 

That’s quite high density. Keep in mind, capital growth will be quite slow.

 

I'm beginning to believe the people that tell me apartments in the city are a lifestyle choice not so much an investment
We made a huge profit on the house in the burbs but I don't think apartment growth is great
not that I have a wealth of experience
since I've been searching to buy I've noticed that when you check out the property history quite a few apartments from between say 2010 and 2016 have actually lost money
Not surprising I guess as there is a constant injection of more apartments into the mix with all the new developments
still beats paying rent me thinks

 

afternoon, so I was out bid
price range was stated as $600,000 - $660,000
last bid was $685,000 they thanked every one and went in with the highest bidder, never announced it had sold however
the other agent asked me to stick around
called me 10 minutes later and said would I match it with a shorter settlement date
I declined

dodgy or what? not how I thought auctions worked

 

the old auction after an auction, agents work for the vendor (or should be)

 

Theres a difference between 'working for the vendor' and a lack of transparency, dishonesty and lying. REA make an art-form out of the latter three characteristics.

 

so was it legal?

I may have been carried away/confused with my bidding limit in the heat of the moment but the final sale price was stated as $695,000, my last bid was definitely a $2,500 bid, I am 99% sure I didn't bid anywhere near $690,000
could they have prized more money out of the bidder once inside?

 

nope, we actually got talking to some people afterwards that attended and they were the ones that pointed out it wasn't mentioned at all
so the advertised price was $600 - $660, way below the price they were holding out for then...again, isn't that illegal?