Strata News
Know About the Condition of the Property Before You Buy – Inspections & Reports
Not paying attention to all the details of the condition of a property before you buy it can result in nasty unexpected troubles and costs well into the future. Before making a purchasing decision you should: Make full use of a home inspection to check off a number of...
Buying into a Strata Scheme
There are many differences between and unique aspects of buying a lot - a unit, apartment or townhouse - in a strata scheme and owning a freestanding house. Often these things aren't clearly understood by purchasers, yet its very important to learn about exactly what...
NSW Government Seeking Feedback on Short-term Rental Accommodation Reforms
As apart of the process of implementing a new regulatory process, the NSW Government has issued a draft code of conduct, draft Fair Trading amendment and draft planning instruments for the short-term rental accommodation industry to provide feedback on. You can access...
NSW Fair Trading Guide to Cosmetic, Minor and Major Renovations
Owners often want to carry out various renovations on their strata properties. But before commencing the work it is important to know what type of renovation your planned work is classified as and also whether you need any approval from the owners corporation. The...
Composite Cladding: Do I need to register my building?
Combustible cladding is again in the news for the wrong reasons. These events means that there is increased pressure on the government to manage buildings that have cladding. Buildings which have cladding must be registered by the 22nd of February. For the rules on...
New NSW Short-term Holiday Letting Reforms Passed
The new regulatory framework to govern short-term holiday letting proposed by the NSW government in June has now passed parliament. The new framework is expected to come into effect in 2019. To recap, the new rules affect Strata corporations, owners and tenants and...
External wall cladding is now a major defect
The Home Building Regulation has been amended to classify external flammable wall cladding as a major defect. Homeowners who purchase units or townhouses with unsafe external wall cladding, will now have up to six years after completion of the build to get repairs or...
NSW Government make announcement on short-term letting
The NSW Government have announced new rules regarding short-term letting for Strata corporations, owners and tenants. Here's a summary of the new rules: Owners corporations may prevent a host from short-term letting their block (on sites like AirBNB and HomeAway) if...
Cladding: Checks and Your Duty of Disclosure
Compulsory checks for combustible cladding Following the Grenfell Tower fire tragedy, the NSW Government announced a wide-ranging fire safety package in response to the fire safety risks posed by external wall cladding. As part of the package, the NSW Government...
Building Bonds – Have your say by 11th May 2018
The NSW Government is proposing a small set of changes to Part 11 of the Strata Schemes Management Act 2015 (the Act) which introduced the Strata building bond and inspections scheme (the scheme). Under the scheme, developers are required to lodge a bond of 2% of a...