News

10 Signs your unit was a good investment

The Domain has written a nice article summarising 10 proof points confirming that you purchased a strata unit in a good block: The entrance hallway or foyer should be clean, bright and welcoming. The lifts should be clean and graffiti free. Neighbours greet each other with a smile Social activities are organised in your block,…

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NSW Government introduces new laws to protect consumers

The NSW State Government is introducing strata law reforms to protect buyers of off-the-plan strata apartments against developers who rescind their contracts and reselling near completed properties for inflated prices. These are commonly known as ‘sunset clawbacks’. There have been occasions where developers exploited loopholes in existing laws intended to protect consumers. The existing contracts allow developers, legally,…

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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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