Understanding the Initial Period
The initial period When a strata scheme is first established, it goes through an important phase known as the “initial period.” During this time, specific rules and restrictions apply to protect the interests of future owners. This article explains the key aspects of strata scheme formation and what happens during and after the initial period. […]
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Understanding Strata Levies:
What Impacts Costs?
Strata levies are essential to property ownership in multi-unit complexes, funding everything from routine maintenance to major repairs. But what exactly determines how much you’ll pay? Contrary to common misunderstanding, strata managers often have limited control over levy amounts. Two significant factors that heavily impact levies are building design; the architectural and engineering choices made […]
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What is iCIRT?
iCIRT-ratings help homebuyers choose trustworthy building professionals The Independent Construction Industry Rating Tool (iCIRT) is a new industry-led market surveillance tool using a star-rating methodology, allowing consumers to confidently choose building professionals. iCIRT offers an objective and independent assessment of businesses across six categories: Capability, Conduct, Character, Capacity, Capital, and Counterparties. Each criterion has several […]
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Buying off the plan in NSW
What to look for when buying an apartment off the plan. A new apartment or townhouse can be a smart investment or an affordable way to enter the housing market, particularly as a 10% deposit will secure the home, giving you have more time to save while the property is being built without the risk […]
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Before buying into a strata scheme
The guide to buying into a Strata scheme in NSW Before buying in a strata scheme, find out as much information as possible about the management of the scheme itself, for example: Is there a strata manager? Is the building properly insured? Are there enough funds to cover long term repairs and maintenance? Are there […]
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