Thank you for all replies. My inlaws have accepted an offer on the property after threats of legal action from their daughter.

Is the moral of the story never buy with family?

thanks again all :)

Thanks Catalyst.

We knew the company title was a hindrance but were under the impression it was just the precursor to the strata titles act, this is what the agent said and when we googled it pretty much said the same thing.

Am I right in saying that the banks don’t offer a stand alone loan and must have another property as guarantor? Which I guess means anyone who either doesn’t want to use their home as equity, doesn’t have sufficient equity or is a first home buyer will be cut out of our market when it comes time to sell?

The company rules and resident obligations are only a few pages long and don’t restrict renting etc, more along the lines of don’t hang your washing on the balcony.

Thanks for your feedback, appreciated.