News

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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Update: NSW strata law reforms delayed again

Representatives of strata managers (SCA-NSW), the Real Estate Institute, strata owners (Owners Corporation Network) and developers (Urban Taskforce and Property Council of Australia) have met with the new NSW Fair Trading Minister Victor Dominello. The proposed reforms that were originally due to come into force in July last year, have now been delayed again. It is likely…

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Annual fire inspections, what to watch out for

Building owners will be familiar with the legal requirement to lodge a fire safety statement with the local council and fire brigade every year. The process usually involves a fire services contractor attending the building, inspecting and testing fire safety measures and certifying they are compliant or recommending work to make them compliant, and once…

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What are Community, Precinct or Neighbourhood associations?

We have written an article explaining the somewhat complex Community Title Schemes. These are typically large developments that offer a mix of strata titled apartment buildings, townhouses and shopping centres with shared promenades and parklands. Community Title Management involves the management of property within these sometimes called ‘gated estates’. This includes the management of any shared infrastructure,…

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Are low strata levies always a good thing?

In a previous article we wrote, titled Strata Fees, Strata Levies, Management Fees. What’s the difference?, we explained that the amount you pay in strata levies are typically dependent on three factors: the location and quality of your building and the facilities offered. Levies can be kept artificially low in a number of ways. For example,…

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