NSW Government proposes 2% defects bond

As part of its update of various strata laws, the NSW Government is proposing a 2 per cent defects bond on all new strata buildings, as a way to protect owners and to guarantee that building defects which might appear in the first two years, can be re-mediated. This new measure is expected to be…

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Strata survey lists building defects as main concern

A national survey on strata-titled property conducted by Griffith University (QLD) shows, perhaps unsurprising, that surveyed unit owners named building defects as their No. 1 challenge. The other mains issues identified by apartment owners included poor strata title management and low-quality executive committees of owners corporations or body corporates. We at Premium Strata can assist you with all these…

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UNSW Community Survey into Strata Schemes

The City Futures Research Centre at the University of New South Wales invites owners and tenants of strata lots to share their attitudes and expectations on the redevelopment of strata schemes. The aim of the study is to find out what your hopes, concerns and priorities would be if the strata scheme that you live…

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