Community Insights

While it may not be common, some strata property owners may have come across the concept of "exclusive use rights." This unique arrangement allows an individual lot owner to have exclusive access to a designated part of the common property, even though the ownership of that area remains with the Owners Corporation. Imagine, for example, a ground-floor apartment with a small garden directly connected to the lot. While the garden is technically part of the common property, it m

If you're a landlord of a strata property, you may have been asked by your property manager to pay for a specialist company to inspect and replace batteries for the smoke alarm within your unit/lot. Most, if not all, landlords will agree this is crucial for tenant safety. But before you swiftly agree to this, check with your building/strata manager to see if such inspections are already covered by the owners corporation. Generally speaking, if the smoke alarm was installed a

As the end of the financial year (EOFY) approaches, property investors have a unique opportunity to fine-tune their financial strategies and maximise their returns. With the right approach, you can not only optimise your tax position but also set a strong foundation for future growth. Here are some of our essential EOFY tips. 1. Conduct a Thorough Property Review Start by conducting a comprehensive review of your property portfolio. Evaluate each property's performance over t

In recent years, a growing number of Australians have embraced a new strategy for entering the property market: rentvesting. Combining the flexibility of renting with the wealth-building potential of property investment, rentvesting offers a unique pathway to financial independence and homeownership. In this article, we'll explore what rentvesting is and the benefits it offers to aspiring homeowners and investors alike. What is Rentvesting? Rentvesting involves renting a prop

Capital works projects are significant investments for any strata community, encompassing renovations, repairs, or upgrades that enhance the value and functionality of the property. However, successfully budgeting for and executing these projects require careful planning, precise cost estimation, and effective project management. In this article, we'll delve into essential tips for strata committees to navigate the complexities of budgeting for capital works projects, ensurin

In the realm of property ownership in New South Wales (NSW), there exist various forms of tenure, each carrying unique legal and financial implications. One such arrangement is Company Title, a distinctive pathway to home ownership that gained traction in the 1920s and 1930s. Areas with substantial company title units in Sydney include suburbs like Potts Point, Elizabeth Bay, Darlinghurst, and Kirribilli. These areas often feature a mix of older buildings that were initially