Yes, unit entitlements can change, but it’s not something you can change alone. All you can do is start the process, independent valuer then calculates the new unit entitlements followed by NCAT reviewing and deciding if they should’ve registered. Yes they can be backdated, but it requires a seperate order from NCAT. Be careful, changing […]
Tag: Strata levies
What do strata levies pay for
If you own a strata apartment you will be familiar with strata levies, but do you understand what they get spent on and why? Strata levies are the invoices you get every quarter, six monthly, or 12-monthly from your owners corporation. Strata levies are unavoidable, and they are not an optional expense, if you are […]
Your Strata Budgets & Strata Levies
The budget and levies of a strata apartment building are the single most crucial part of strata. Because nothing else is possible or matters if you aren’t about to pay for it. Striking the right balance between levies raised and money in the bank is always difficult. But to help you get your owners corporation […]
Strata levies – why, what & how
How to keep strata levies low on a new development
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 […]