State of the Strata Insurance Market: FY24 Q1 Insights
The landscape of strata insurance in Australia is undergoing a significant transformation, driven by a series of unprecedented weather events and evolving industry dynamics. Properties with a standard risk profile, characterised by minimal claims history and absence of building defects or construction issues, have witnessed an average increase of around 20% nationwide. In regions that […]
What Do We Do If Our Building Is Locked in With a Strata Company, But We’re Not Happy?
What are the specific reasons people are complaining about the existing management service? It might be poor financial management, delays in dealing with maintenance, poor communication, inadequate maintenance, poor customer service – the list goes on. Create a comprehensive list of your major concerns, as this will be important for future discussions and decision-making. […]
New Technology to Support Sustainable Living in Strata Communities
Sustainable living in strata communities is certainly possible, but it takes some careful planning. Some solutions are affordable and easy, while others require a significant investment. However, all of them have the potential to save money for your strata scheme and promote environmentally friendly living at the same time. Here are a few technologies to […]
Impact of Rising Costs on Strata Management/Schemes
In Australia, many people choose strata living as their preferred way of life. However, rising living costs can pose significant challenges for strata management and individuals. As expenses increase, from maintenance to insurance and administrative costs, strata schemes must have a plan to deal with the increases. In this article, we’ll look into how Australia’s […]
How To Be a Good Pet Neighbour
As a pet owner, you’re responsible for ensuring your pet doesn’t cause inconvenience or disruption to your neighbours. This requirement is amplified in a strata setting because everybody lives close together, shares common spaces and wants to avoid conflict. Let’s discuss how to be a good pet neighbour in a strata building. Understand and follow […]
What is Sydney Water’s WaterFix?
Water conservation remains a paramount concern for Australians, especially those who live in strata communities. Sustainability is an increasingly hot topic, as seen by the rise in strata community gardens. Fortunately, Sydney Water has a program called WaterFix that aims to help people save water, reduce their water bills, and improve their quality of life. […]
How To Support Your Work-From-Home Strata Community
For many Australians, remote work has become the standard practice since the outbreak of the COVID-19 pandemic and beyond. While this has brought about a new level of flexibility and convenience, it has also resulted in unique challenges for those living in strata communities. In this blog, we’ll discuss six ways your strata community can […]
Strata Manager Vs Property Manager: What’s The Difference?
When it comes to managing strata or individual property, it’s important to know the differences between a strata manager and a property manager and you are aware of what roles they play in property management. While both strata managers and property managers oversee properties, they have distinct responsibilities and focus areas. In this article, we […]
Tax Time Tips
That time of year is approaching again. While many eagerly anticipate the tax season due to their expected refunds, not everybody is so lucky. Plus, some people have far more complex tax returns than others. This time of year can be stressful for many Australians, especially those who live in strata communities. Whether you’re a […]
What Happens If I Can’t Pay My Strata Fees?
If you own a strata lot, it can be intimidating thinking about what happens if you don’t have the money to pay your strata fees. Strata fees are important because they benefit the entire strata community. It’s important to remember that there are options available to help you manage your finances and keep your property. […]
