NSW Fair Trading strata mediation applications double as resolution times blow out
Amber Schultz of SMH reports that mediations for NSW #stratatitle disputes have increased by 45% in 5 years with 2,900 applications last year that are now taking 3 months to occur.
That’s a serious increase in numbers and time that warrants analysis and real thinking.
NSW Fair Trading says the increase relates to disputes about building defects, common property repairs, and water leaks.
But with only 6 mediators in NSW, that’s an average of 484 mediations each [or 10 per week], so it’s no surprise most strata stakeholders aren’t happy with dispute resolution processes.