How Strata Building Insurance Lowers Financial and Regulatory Risk

There’s a reason that even the most protected strata buildings still choose to set up comprehensive building insurance policies. Owners Corporations recognize that accidents and malicious acts can and do happen, whether it be fire, earthquake, lightning strikes, arson, vandalism, theft or burst water pipes. An Owners Corporation caught flat-footed with inappropriate strata building insurance […]

Read more ›
Are You Compliant to the New Window Lock Laws?

Are You Compliant to the New Window Lock Laws? With around 50 Australian children falling from windows and balconies each year, many of which result in serious injuries or are fatal, the NSW Department of Fair Trading has introduced new window lock laws.  Strata owners will need to be compliant to the new laws by […]

Read more ›
Why You Should Have a 10-Year Sinking Fund Plan

As a strata owner, expenses can creep up on you unexpectedly unless your Owners Corporation has a good 10-year sinking fund plan in place.  What makes a good plan? A good 10-year sinking fund plan will comprehensively document how an Owners Corporation will repair and maintain common property for the next decade, as well as […]

Read more ›
City of Sydney Council Starts Educating Apartment Owners on Strata Schemes

Ask a random Sydney resident where he or she lives, and the most likely answer you hear is an apartment block. Currently, 75% of residences within the City of Sydney live in apartments, which is more than 5 times the national average. This has prompted the City of Sydney Council to start offering classes to […]

Read more ›