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Surge in insurance premiums to push up reno costs for apartment owners
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Surge in insurance premiums to push up reno costs for apartment owners
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Is strata committee financial support for âfighting fundsâ illegal?
How strata committees may be breaking the law by supporting legal and political campaigns with ownersâ money.
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Strata owners across Australia have been getting a lot more political over the past few years as owners corporations and bodies corporate attempt to influence political decisions that affect them.
The more obvious areas in recent years include efforts to control short-term letting and remove some of the restraints on pet ownership.
Strata owners across Australia have been getting a lot more political over issues such as short-term letting and pet ownership.Â
Mascot ownersâ best hope is for $40m firesale
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Apartment owners in Sydneyâs Mascot Towers will vote this month on a $40 million proposal to sell their troubled apartment tower as a redevelopment site, with many resigned to losing up to 80 per cent on their property as the most realistic way to end their two-year nightmare.
Strata body chairman Gary Deigan said rectification of the 10-storey tower was too costly as the strata body already had a $32 million loan facility â and had drawn down nearly half of it â and would need to raise more than owners could afford to meet the current repair estimate of $38.5 million.
New rules for Airbnb-style letting in NSW delayed by three months
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The NSW government has decided to delay the introduction of new rules for Airbnb-style letting across the state by three months after an outcry from councils and online rental company Stayz.
The short-term letting rules were due to come into force on July 30, but the government has decided within the past 24 hours to delay their introduction to November 1.
Planning and Public Spaces Minister Rob Stokes said the government had received substantial feedback from key stakeholders about concerns regarding the timeline to implement changes.
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