Purely Property +
[one-half-first]As the treasurer of a strata building you will find yourself, at some stage, requested to make a decision about the investment of surplus funds. As Strata buildings grow larger and older it is becoming more common for buildings to have over $500,000 or even $1,000,000 in surplus funds for future major works. Now the […]
As a strata committee member, you are responsible for a major building, that most owners have invested their entire life savings into. Within the building as an asset, the single largest piece of equipment you need to maintain is the lifts. When starting any project it is important to have a process and a checklist. […]
For the majority of time that apartment living has existed, it has operated behind closed doors. But with the development of technology, smart phones and the shift to the right now mindset this can not continue. The engagement of owners into the operations of every strata building is required, or each strata manager and committee […]
If you’re a committee member of any strata building you’re most likely making decisions on a multi million dollar asset. While I understand the committee members are simply volunteers and everyone is busy I recommend that all owners get a little bit engaged with their property investment with this simple list of must do’s for […]
Car Parks are still one of those high value assets in a building. And as public transport isn’t about to have a generational change or will our major cities be inundated with driverless cars in the near future car parking will continue to be a problem, especially parking on common property. We all know this […]
[one-half-first] [/one-half-first] [one-half]With the future of Strata AirBnB short-term letting still unclear in Sydney I urge all committees to get themselves prepared for a world where Airbnb stays and Council don’t enforce local planning restrictions on short-term letting. Now short-term letting is deemed to be a negative for resident owners and the property price for the […]
Keeping strata levies low starts during construction and design, this is a simple guide with some of these elements that can be implemented to reduce the ongoing running costs of a building. I’ve broken these items into groups being a housing development, apartment block, industrial and townhouses. Some of these have limited environments where they […]
This development at 40 Applegum Crescent is for a Residential Apartment Building complex consisting of two (2) x five (5) storey buildings containing seventy two (72) units with a basement car park for one hundred and sixty four (164) vehicles. After preparing a budget I estimate the average levy will be in the range of: Low […]
[one-half-first] [/one-half-first] [one-half] Despite everything you have heard the strata committee only has two jobs that they need to balance. Manage the expenses and levies of the strata building. Increase rental yield & market values at or above area averages. After all, if you have purchased an apartment that’s what you want. Achieve the, lowest […]
Every committee and owners corporation has the responsibility to maintain and increase the return on investment if each owner. Every strata building or body corporate should be considered as a small business after all the smallest of buildings is worth a couple of million dollars. In the same way that a successful small business operates […]