Developers are required to lodge a 2% bond for residential and mixed-use high-rise strata buildings of 4 or more storeys. The proposed amendments to the building bond is to enhance the ability of the Department of Fair Trading to verify the building contract price (which is the basis of the bond) and to clarify the role […]
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The slump in the Sydney housing market has slowed in March 2018, indicating that time may be running out for house hunters and investors to capitalise on the falling property prices. “Real estate experts claim additional trends, such as record levels of migration into NSW, have increased housing demand and raised the prospect of a […]
Strata owners are reminded that childproof and robust safety devices must be fitted to all common property windows above the ground floor by 13 March 2018. Windows can still be opened but only to a maximum of 12.5cm.
Self Managed Buildings can cause many headaches, which we discuss below. There are many property owners that are unaware of their responsibilities or their rights when their property is a body corporate-managed building or an owners corporation building. Lack of concern from the lot owners is a leading factor that contributes to many issues, damage and more. […]
The property market in Sydney in 2017 saw Sydney’s median house price rise by over $530,000. The following is a snapshot of the trends to expect in 2018: Financial markets predict the Reserve Bank will lift the official cash rate off the record low 1.5 percent level late in 2018. Cooling of property prices. The following shows […]
When it comes to noise complaints, parties and strata management, it is against the law to affect the sleep of others. Please check your building or states laws, as they may differ: Take a look here. If you or your tenant wish to lodge a complaint about the noise of a neighbour, calling the police […]
2017 review and the state of Sydney Strata Management. In 2017 Sydney and NSW has seen growth in housing and unit prices and demand. Sydney remains one of the worlds most expensive places in regards to property prices. Sydney Strata Management is changing along with the market trends and changes. Here is some interesting information on […]
The following is important information regarding the redevelopment of Strata Plans: Owners corporations may receive strata renewal proposals under Part 10 of the Strata Schemes Development Act 2015. What do they need to do? The key steps are as follows: • If the scheme was an existing scheme when the new legislation commenced on 30 […]
Owners corporations may receive strata renewal proposals under Part 10 of the Strata Schemes Development Act 2015. What do they need to do? The key steps are as follows: If the scheme was an existing scheme when the new legislation commenced on 30 November 2016, it needs to convene a general meeting to pass a […]
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