A Fair Future For Strata: Navigating the Crossroads of Strata Management Fees
November 21, 2024: With over 1,100 registrations and nearly 600 attendees live, the webinar organised by LookUpStrata tackled one of the most pressing challenges in Australian strata management fees: sustainable fees and business practices.
The discussion highlighted the expanding responsibilities of strata managers, from defect management to navigating complex schemes and staying compliant with ever-evolving legislation. These evolving roles call for pricing structures that reflect the professional expertise required today—not outdated models focused on quantity over quality.
Key questions raised during the webinar included:
- Should we move away from the traditional “price-per-lot” model and consider alternative pricing structures?
- Are insurance commissions necessary, or is it time to rethink their role in the revenue model?
- How can strata managers better communicate their value proposition to committees and owners to foster a willingness to pay fair, sustainable fees?
Watch the full recording here by clicking on the video above.
‘Liability limited by a scheme approved under Professional Standards Legislation’.
Please note that this webinar provides insights and opinions for informational purposes only and is not a substitute for professional advice.
Unique needs require a personal touch
Premium Strata is driven by a philosophy that prioritises quality over quantity. Our Strata Managers are fully licensed and assigned smaller portfolio sizes, allowing for a higher level of proactive and personalised service.
