With the unprecedented rainfall that Australia has recently experienced, properties are being put under stress, testing the patience of every strata manager fielding numerous complaints about water leaks into strata lots. So who's responsible?
A recent NCAT decision has recognised that even though a lot owner smokes inside their lot, they still may be in breach of the by-laws of the owners corporation and leave themselves open to a penalty being imposed by NCAT.
Recent torrential rain has sparked renewed fears of mould in people’s homes which can cause dangerous health problems. As the wet weather continues the strata sector is at risk of increased mould growth.
The last 12 months have been a whirlwind of activity for REINSW’s Chapter Committees. Always going above and beyond, their dedicated and focused work has led the industry through the most challenging of times resulting in some major achievements.
“Since the commencement of amendments to the Strata Schemes Management Act in November 2016, tenants have had the right to be given notice of and attend Owners’ Corporation meetings,” Nicole Unger, REINSW General Counsel, said.
01/09/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
The matters to be included in capital works fund plans need to be clarified and the annual savings needed to fund anticipated expenditure should be set out.
24/08/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
In the face of the impact of the COVID-19 pandemic, many strata schemes were left in a position where they were unable to function because they had not passed an ordinary resolution authorising electronic meetings and voting.
18/08/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
Strata management is extremely complex and regulating the sector is beyond the capacity and capability of NSW Fair Trading. This is one of the reasons why REINSW is calling for the appointment of a dedicated Property Services Commissioner.
19/07/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
The Strata Schemes Management Act 2015 (NSW) should be amended to reference accessibility and provide guidance to Strata Committees when dealing with modification requests for disability access.
13/07/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
The personal details of lot owners should not be widely available for the purposes of inspections of the strata roll and other records, or via the Strata Portal.
09/07/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
A strata scheme should be required to be professionally managed where it has more than four lots or the Owners’ Corporation is managing a budget of more than $150,000.
05/07/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
Office holders and members of the Strata Committee should be required to comply with a mandatory Code of Conduct and an information pack should be provided to help them understand their roles and responsibilities.
30/06/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
Five years after landmark reforms were introduced, the strata framework in New South Wales is once again under review. Here’s how REINSW has responded to the NSW Government’s call for input.
Property managers who fail to supply tenants with a building’s strata by-laws, are risking a hefty fine – even if they are not at fault for the breach.
Meet Peter Matthews who was announced at the REINSW Annual General Meeting in November 2020, as the President Elect for the next 12 months.
AGENCY SERVICES DRIVEN CONTENT: It is the least glamorous side of the property industry but neglecting paperwork can prove to be an expensive error for agents – even costing some their licence.
REINSW's Vacancy Rate survey results for April'22 show residential vacancies for Sydney remain stable; however, while rates have risen slightly in some areas, sourcing sufficient rental stock to meet tenant demand continues to be an issue across NSW.
The REINSW Vacancy Rate survey results for March 2022 show that residential vacancies in Sydney remain steady. Outside Sydney, finding a home to rent continues to present a challenge for tenants as vacancy rates across regional NSW remain low.
Personalities, pressure and paperwork - there’s a lot going on in the moments before an auction. In today’s fast-paced market it takes well-versed selling agents and auctioneers to tick all the necessary compliance boxes before bidding begins.
Chris Henry, Managing Director of River Realty, was always destined for a successful career in real estate. Here he talks about his journey, shares some setbacks and reveals the lessons he’s learnt along the way.
MEDIA RELEASE: The 15th annual REINSW WIRE conference will be held at the Royal Randwick Racecourse in Sydney on Tuesday 29 March; a high-profile selection of inspiring local and international speakers will headline this major event.
Real Estate Institute of NSW (REINSW) CEO Tim McKibbin responds to the Report of the Federal Inquiry into Housing Affordability and Supply released today. Read more...
House prices have increased at the highest rates in two decades with a rise of 25.1% for the twelve months ending December 2021, the latest Real Estate Institute of Australia’s (REIA) Real Estate Market Facts has found.
MEDIA RELEASE: The REINSW Vacancy Rate survey results for February 2022 show that residential vacancies in Sydney have dropped for the third consecutive month and the number of available rental properties across regional NSW remain extremely tight.
REIA MEDIA RELEASE: Housing affordability continued its decline over the December quarter of 2021, with the proportion of income required to meet loan repayments reaching 37%, the latest REIA Housing Affordability Report has found.
From VOLVO, BMW and OFFICEWORKS
Check them out.
Also, Keep track of your CPD hours with the NEW CPD Diary in your member portal! Log in today.