Strata News

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...

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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...

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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...

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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...

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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...

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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...

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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...

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