Why Do I Need A Strata Inspection Report?
When buying a unit it is very important to obtain a Strata Inspection Report. A Strata Inspection Report does not replace a building report however it provides important information about what is happening within the scheme that you should be aware of before you take the leap of purchasing the property. A Strata Inspection Report should provide the […]
REMINDER: Changes to DEFT Payments at Australia Post
There Have Been Changes to DEFT Payments At Australia Post. You may be aware that on 1st October 2016 a $2.75 processing fee was introduced for DEFT payments made at Australia Post outlets. When you pay your levy via DEFT at Australia Post, you will be charged this processing fee at the time of payment. […]
Can you build a contingency into a Body Corporate Budget?
Can You Have A Contingency in a Body Corporate Budget? Contingency is a future event or circumstance which is possible but cannot be predicted with certainty. So Can you have a line item as a contingency in a Body Corporate Budget? The short answer is no. Having a line item called Contingency in your budget […]
Living or Investing In A Community Titles Scheme
Owning A Lot In A Community Titles Scheme Owning a lot in a community titles scheme brings certain obligations beyond those of owning a detached house. You should carefully consider whether living or investing in a community titles scheme suits your lifestyle and financial needs. When you buy a lot in a community titles scheme […]
Insurance: Changes in Terrorism Act
We’ve Listed The Latest Changes to Terrorism Insurance Act 2003 (Cth)(the ACT) Below: Changes to the Terrorism Insurance Act 2003 (Cth)(the ACT) become effective from July 2017, and some mixed-use commercial and residential strata buildings will see new terrorism levies of up to 16%, plus statutory charges on affected policies. These changes broaden the definition of […]