Mascot Towers apartment owners vote to foot $1m levy

After spending hours closeted in a meeting, owners of apartments at Mascot Towers have voted to foot the bill for a $1 million special levy to fund repairs.

However they still won't be able to return to the structurally damaged building for at least a month.

Mascot Towers, in the city's south, was evacuated on June 14 after engineers became concerned about continued cracking in the primary support structure and facade masonry of the 10-year-old building on Bourke Street.

More than 100 frustrated owners met at The Holiday Inn at Mascot on Thursday night in a meeting that spanned four hours.

In the end there was little choice but to vote to fund the levy for repairs on the building, with owners facing the reality of empty apartments until necessary repairs are made.

"There's not much choice," owner Brian Tucker told reporters.

"It was a pretty overwhelming vote. We just want to see everyone back in the building."

An engineers' summary released on Thursday said that while there are some signs the complex is "stabilising", there is no immediate prospect that residents will be able to reoccupy Mascot Towers within the next month.

Mascot Towers media liaison Patrick McGuire said after the meeting that owners were obviously disappointed.

"They're concerned about what the future is but its early days yet and there's a very good team of people that they're taking advice from," he said.