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Community Insights
A blog by Compass Strata :: Explore . Engage . Empower
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Green Living: Indoor Plants Perfect for Apartment Living
Living in an apartment doesn't mean you have to forgo the joys of gardening. With the right selection of plants, you can transform your living space into a lush oasis. Whether you're a seasoned green thumb or a beginner looking to add some greenery to your home, there are plenty of plant options that thrive in apartment settings. Let's explore some of the best plant choices for apartment living. Succulents and Cacti Succulents and cacti are ideal for apartment dwellers with b

Timothy Lee
8 min read


What's Inside Your Strata Insurance Policy?
Strata insurance is not just a choice but a legal obligation in New South Wales under the Strata Schemes Management Act 2015. This legislation mandates that strata communities must secure and uphold sufficient insurance coverage for their buildings, common property, and public liability. Failure to comply not only violates the law but also exposes property owners to significant risks. Additionally, owners with mortgages may find themselves in breach of their loan agreements w

Timothy Lee
4 min read


Safe and Sound: Why Up-to-Date Insurance Valuations are Vital for Your Community
Construction costs have sky rocketed in recent years and a critical aspect often overlooked is the accurate assessment of property valuations, especially concerning insurance coverage. In this article, we delve into the statutory obligations, risks of under valuation, compliance requirements, and the role of professional valuation services in safeguarding strata communities. Statutory Duty and Financial Obligations Under the Strata Schemes Management Act 2015 (NSW), owners wi

Timothy Lee
6 min read


GST Compliance for Owners Corporation
When it comes to managing finances in strata communities, compliance with Goods and Services Tax (GST) regulations is paramount for good governance. Understanding GST obligations can be complex, but with the right guidance, strata committees can navigate this terrain effectively. In this comprehensive guide, we break down the essential components of GST compliance for strata communities. Who Must Register for GST Registration for GST becomes necessary under specific circumsta

Timothy Lee
2 min read


Building Blocks of a Thriving Strata Community
Strata communities represent a unique blend of individual ownership and collective responsibility. From serene townhouse complexes to towering apartments to commercial blocks, these communities thrive on collaboration, effective communication, and skillful management. At the heart of it all lies the pivotal role of a strata manager, whose expertise and guidance are instrumental in ensuring the smooth functioning and harmonious interactions within these communities. In this ar

Timothy Lee
3 min read


Tackling Abandoned Vehicles in Strata - Your Rights and Action Plan
Discovering an abandoned vehicle in your strata parking spot can be frustrating, but knowing your rights and the proper procedures can help resolve the situation effectively. In this article, we'll explore the steps you can take to deal with an abandoned vehicle in your strata complex, ensuring a smooth process and a clutter-free environment for all residents. Understanding Your Rights Abandoned vehicles on common property in strata schemes are governed by the Uncollected Goo

Timothy Lee
2 min read
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