STRATA INSIGHTS In the September edition of our newsletter, we bring you the latest information on the strata sector in Australia, showcasing recent case studies and industry updates. OCN STRATA MATTERS CONFERENCE Premium Strata is working with Australian Apartment Advocacy (AAA) to ensure that lot owners are supported in the event that a builder faces…

New Look Monthly Premium Strata Newsletter, information on contractors, dogs in apartments and the NRL finals CONTRACTOR MANAGEMENT The strata industry relies heavily on contractors to help maintain the overall appearance of buildings, along with routine service and maintenance of mechanical assets and common areas. Fire compliance, lift servicing, HVAC and plumbing generally make up…

  BUILDING REFORM GATHERS MOMENTUM-NEW INSURANCE FOR DEFECTS Building industry reform is now gathering momentum with the introduction of a new insurance product called Latent Defects insurance (LDI). Previously there was no insurance for structural defects with home buyers in the apartment sector. This insurance is not retrospective and applies to only new projects where…

Merry Christmas; Premium Strata December Newsletter STRATA INSIGHTS 2023 Now that the year is coming to end, it’s time to reflect on how Covid, working from home, building defects, inflation, rising interest rates and heavy rain impacted us all in strata and other communities. Now that Covid is largely behind us, we can look forward…

Premium Strata November Newsletter packed with great articles for people living in Strata 1. Noisy Neighbours The commonest complaint reported to our Strata Managers is in relation to noise.  Noise such as loud music, loud parties, stomping on floorboards, noisy appliances/tools cause the most issues. Communal living in strata requires consideration of your neighbours.  For…

STRATA INSURANCE UPDATE Dear Members, As we navigate through a hard insurance market there has been an update to Strata Insurance cover. The update includes what factors have impacted pricing and also how the strata market can be more accessible. There are changes to the following – Cladding Defects  Catastrophic Events Continuing Growth of Strata Developments…