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What Do I Own in my Strata Scheme and What is Common Property?

Posted on 4 CommentsPosted in Body Corporate, Hints for Strata Living, News, Owners Corporation Compliance, Strata Compliance, Strata Management

For any unit owner as part of a strata scheme, body corporate or owners corporation, the critical question is what is your unit (or lot) and what is common property. This will determined who is responsible for what and who pays. General Rule (subject to exceptions) The general rule applicable to the majority of strata schemes registered after 1 July 1974 is: The structures located on the solid thick line, such as, that shown above at the registration of the strata plan are common property. The ceiling , the structure of the floor including fixed tiles or floorboards, the electrical […]Read More

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Website creates Vertical Communities

Posted on 7 CommentsPosted in Hints for Strata Living, News, Owners Corporation Compliance

A website for buildings that creates vertical communities sounds like techno, tree hugging, mumbo-jumbo. Indeed ‘community building’ is one of those slogans you hear chanted by the left; people who want to save forests and shut down brown-coal fired power stations. But community building is now starting to gain the interest of property developers, a group not generally associated with left-leaning do-gooders! It’s good for developers to use the language, but are they really delivering housing that promotes genuine community building? Large scale residential towers along Australia’s eastern coast are enjoying a boom, as one in four Aussies now live […]Read More

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Improve Property Value in a Strata Scheme

Posted on Leave a commentPosted in Design Tips for Strata, Hints for Strata Living, News

To improve property value in a strata scheme, owners must work together to achieve results. This can be a difficult undertaking as people have different ideas about what renovations are required to add property value in a strata scheme. Sometimes people make the mistake of taking the cheap option of simply patching a structural problem or existing defect. This is like wallpapering a cracked wall. Any building inspection from a new purchaser will reveal the underlaying cause of the problem and thus devalue the whole property. This can also cause the impression that there may be other major issues you […]Read More

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How to Add Value to your Apartment Building

Posted on 1 CommentPosted in Design Tips for Strata, Hints for Strata Living, News, Urban communities

How do you add value to your apartment? Most likely you’d install a timber floor or update the kitchen. The cost – tens of thousands of dollars – and with a rising property market and a bit of luck you’d see the money back. Even if you don’t want to spend that sort of money on your apartment, you can still add value to it by making sure it’s part of an appealing and well kept building. With thousands of new apartments being built making improvements to your own building may not just be an option, it may be a […]Read More

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15 Fantastically Organised Spaces

Posted on 1 CommentPosted in Design Tips for Strata, News, Urban communities

With sales in Australian apartments going gangbusters, the secret to living in these apartments is fanastically organised spaces. Australians have much to learn from apartment dwellers accustomed to the confined spaces of New York or Tokyo. Organised thinking and discipline is what’s needed when you don’t have a ‘pool room’ to display your collectables. There are handy little secrets for fantastically organised spaces. There are some great tips from bloggers on sites such as Apartment Therapy. I like this blog with gorgeous photos to admire for their organisation. “Beautifully organised spaces are very inspirational for me. Often, I think, if […]Read More

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What approvals do I need to renovate my unit?

Posted on 13 CommentsPosted in News, Strata Compliance

Owners living in a strata community, body corporate or owners’ corporation sometimes want to renovate their apartments. But it’s difficult to know your rights and obligations. Do I need permission from my neighbours to renovate? What if I don’t get permission? It’s not really that scary, more common-sense so dream big with your renovations but follow the rules. This article by Bannermans Lawyers is very helpful for navigating the difference between hammering a nail in a wall to enclosing a balcony. What approvals do I need to renovate my unit? While this article is about renovating units in NSW only […]Read More

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Self managed strata schemes: does your tradie have the right insurance?

Posted on 2 CommentsPosted in News, Strata Compliance, Strata Management

Self-managing your strata scheme it’s important to check that the tradies you engage have the right insurance cover. It’s not hard. Just follow these steps. Make sure that you check that the company the tradie works for has public liability insurance.  Simply getting a, “Yes I do!” from the tradesperson is not sufficient.  You must ask them to provide you with a Certificate of Currency, which they can obtain from their insurer. Holger Schnabel, from Whitbread Insurance Brokers says, “Best practice is keeping a register of all of the tradespeople used by the Owners Corporation and note that a copy […]Read More

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Savvy Strata Owners Get Involved

Posted on Leave a commentPosted in Hints for Strata Living, News, Our Body Corp Updates, Strata Compliance, Strata Management

News Release Coinciding with popular TV shows such as The Block, today’s Strata unit owners are more savvy about their investment, taking control and interest in managing the affairs of the whole building they live in, including the common areas they jointly own. Commenced in the early 1960s as a form of property management devised for people living in unit blocks, townhouses and apartment buildings, today there are an estimated 120,000 Strata, Body or Owners’ Corporations in Australia. Mostly they manage the common areas such as stairs, lifts, gardens, car parks and the like, as well as organising building maintenance funds […]Read More