Community Insights

Strata living continues to evolve across New South Wales, and in 2026 a new round of reforms has come into effect, from 1 April, that all apartment owners should understand. Whether you are on an exiciting path to purchased your first unit or have owned in a strata scheme for years, these changes are designed to improve transparency, financial planning, maintenance standards and accountability within apartment buildings. For many owners, strata legislation can feel confusing

The financial health of your community plays a crucial role in determining the value of your property. Whether you're a homeowner, investor, or prospective buyer, understanding this link is essential for making informed decisions and safeguarding your investment. 1. Maintenance and Upkeep A financially stable community can afford regular maintenance and upkeep of common areas, amenities, and infrastructure. Well-maintained properties enhance curb appeal, attract potential buy

In some instances, particularly in a macro environment where cost of living pressures continue to rise, an owners corporation may inevitabilty encounter a daunting situation where it runs out of funds to cover necessary operating expenses or significant annual expeneses such as insurance premium. To avoid lights going out, rubbish piling up or breaching the Strata Schemes Management Act, here are some of the options to restore financial stability for your community. Dip into

Paying your strata levies is an essential obligation for owners within a strata scheme, and its significance lies in sustaining the financial integrity and functional coherence of the shared property. These levies constitute a collective fund that underwrites various facets integral to the communal living framework. Their allocation ensures that the common property, encompassing shared spaces and facilities, remains well-maintained through ongoing routine upkeep and necessary

When diving into the world of strata, it's crucial to grasp the dynamics of strata levies, as they play a significant role in your ongoing commitment. However, the intrigue lies in the fact that not all strata levies are created equal. Low fees might raise a red flag, signaling potential issues with building maintenance or overall upkeep. In this blog post, Compass Strata unravels the mysteries surrounding strata levies, shedding light on why they differ from one building to