strata management nsw

Foreign Investment in Australia’s Property Market

Posted on 1 CommentPosted in News, Urban communities

I was aware that the rules changed in 2010 for foreigners buying into the Australian property market but wasn’t quite sure how it all worked. This is the low-down direct from the Foreign Investment Review Board. “Temporary residents may acquire one established dwelling only and it must be used as their residence in Australia.  These applications are normally approved subject to the condition that: the property is vacant at settlement; the property is used as your principal place of residence; no part of the property is rented; and you sell the property when it ceases to be your principal place […]Read More

strata management services

Get set for the next wave of downsizers

Posted on Leave a commentPosted in Hints for Strata Living, News, Urban communities

The Age reports that “The number of downsizers looking for apartments is predicted to take off this year with the improvement in the property market. Australian Property Monitors data shows the Sydney median house price rose 3.4 per cent last year. Canterbury Bankstown had the most growth at 11.5 per cent, but the northern beaches and upper north shore grew more than 7 per cent. Even the east grew 3 per cent, though the lower north shore fell 0.4 per cent. click here to read moreRead More

strata management nsw

A strata fire to end all fires

Posted on 1 CommentPosted in News, Strata Compliance

As a unit owner if this doesn’t frighten the bejeezes out of you, then I don’t know what will.  I understand that no one was hurt which is a relief. A strata fire to end all strata fires. Check out this video clip Tamweel Tower Blaze (Dubai) “While it’s uncertain how this fire was started, many think the metal used for cladding contained a flammable core that propelled the flames even faster. Reporters even captured images of the burning metal pieces popping off the sides of the building and starting smaller fires on the roofs of nearby structures.” [via archpaper […]Read More