Community Insights

Neglecting gutters can lead to serious consequences, including water damage to the property's foundation, basement, walls, and roof, as clogged gutters prevent proper water drainage and may cause overflow. This can result in roof leaks, rot, structural damage, and the growth of mould and pests. Additionally, overflowing gutters can saturate the soil around the foundation, leading to soil erosion, settling, and cracks. That's why regular gutter cleaning should be on the list o

If you live in NSW, you'll have heard of the NSW government's Transport-Oriented Development or TOD planning reforms. These groundbreaking changes are reshaping urban landscapes, offering residents a new way to live, work, and play. Let's explore what these reforms mean for apartment living and how they're revolutionising the way we think about housing and transportation. What is Transport-Oriented Development (TOD)? The Transport Oriented Development (TOD) program aims to ad

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

Compass Strata had the pleasure of attending Strata Community Insurance's 2024 Autumn Forum where keynote speaker Dr Nicole Johnston shared her research findings on Building Care Action in Ageing Strata Properties: Facilitating Better Outcomes. Dr. Johnston is the Founder and Director of Strata Knowledge, and former lecturer at Deakin and Griffith Universities. She leads impactful projects, advises governments, and chairs international forums on strata and community title law

Owning a swimming pool or spa within a strata or community scheme comes with shared responsibilities and legal obligations. As joint owners of these facilities located on common property, lot owners must ensure compliance with the Swimming Pools Act 1992. Here's a comprehensive guide to understanding and fulfilling these regulatory requirements, brought to you by Compass Strata. Understanding the Law The Swimming Pools Act 1992 applies to any structure capable of holding wate