Building defects: What happens to your mortgage if your apartment needs major repair?

With the ongoing defective apartments saga in New South Wales, what happens with your mortgage if an apartment you bought needs major repairs? Finance adviser Bishwas Bhattarai explains.

In this monthly segment, Bishwas Bhattarai answers some of your finance related questions. 

Topics discussed:

Building defects

Interest rates

Australia's economic condition

 

Note: The answers in this segment are of general nature only and may not apply to your specific circumstance. If you would like accurate information relevant to your situation, you should ask your tax agent, accountant or your financial planner.