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Altered arrangements for convening

The provisions allowing electronic convening and voting at meetings, introduced in response to the COVID-19 pandemic, should be made permanent and not repealed on 13 May 2021.

26/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

26/02/2021 12:00:00 AM28/04/2022 10:45:23 AM

Pre-meeting electronic voting for elections

Clause 14 of the Strata Schemes Management Regulation 2016 (NSW) should be amended to make it clear that pre-meeting electronic voting does not extend to elections.

23/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

23/02/2021 12:00:00 AM28/04/2022 9:50:46 AM

Quorum

The provisions regarding the quorum at a meeting need to be redrafted, so that it is clear, particularly in the case of small strata schemes, what happens if there’s not a quorum.

19/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

19/02/2021 12:00:00 AM28/04/2022 9:38:01 AM

Items requiring statutory warranty

Further guidance needs to be provided regarding the need to include an item on the Annual General Meeting agenda to consider building defects and rectification where warranty periods under the Home Building Act 1989 (NSW) apply.

17/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

17/02/2021 12:00:00 AM28/04/2022 10:42:29 AM

Record keeping

The legislation should be amended to allow for the better maintenance of strata records, including electronic storage and back-up, as well as a requirement to maintain an overall index of records.

15/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

15/02/2021 12:00:00 AM28/04/2022 11:19:08 AM

Insurance valuations

The requirement for an Owners’ Corporation to obtain a building insurance valuation every five years should be reintroduced and amendments made to remove reinstatement from the valuation exercise.

12/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

12/02/2021 12:00:00 AM28/04/2022 9:31:03 AM

Window safety devices

The legislation needs to clarify who is responsible for the ongoing maintenance of window safety devices and address the many practical issues that are currently causing confusion.

11/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

11/02/2021 12:00:00 AM28/04/2022 9:47:05 AM

Minor renovations by owners

There should be a statutory requirement to register minor renovations to common property carried out by lot owners.

09/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

9/02/2021 12:00:00 AM28/04/2022 10:49:02 AM

Affixing Owners Corporation seal

The requirement to affix the seal of the Owners’ Corporation to instruments and documents should be repealed.

03/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

3/02/2021 12:00:00 AM28/04/2022 11:02:05 AM

Interest on levies

Interest should start to accrue on levies where they have not been “received” into the strata scheme’s bank account by the date they are due and payable.

15/01/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

15/01/2021 12:00:00 AM28/04/2022 10:50:12 AM

30-day payment for levies

The 30-day payment period for special levies raised to fund emergency repairs should be reduced.

21/12/2020 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

21/12/2020 12:00:00 AM28/04/2022 9:49:43 AM

Initial levies set by developers

An independent expert should be required to assess and sign off on the levies that are initially set by a developer.

16/12/2020 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

16/12/2020 12:00:00 AM28/04/2022 9:54:07 AM

Capital works fund

The matters that need to be included in the 10-year capital works fund plan should be further clarified, including the annual savings required to meet anticipated expenditure.

11/12/2020 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

11/12/2020 12:00:00 AM28/04/2022 10:05:20 AM

Delegated functions and gifts

Strata managers should not be held in breach where the Owners’ Corporation refuses to provide funds for necessary repairs and maintenance, and the definition of “gift” should be clarified.

04/12/2020 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

4/12/2020 12:00:00 AM28/04/2022 9:39:37 AM

Recording exercise of functions

The “records” that a strata manager needs to keep and provide to the Owners’ Corporation should be precisely defined.

01/12/2020 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

1/12/2020 12:00:00 AM28/04/2022 9:51:08 AM
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Supporting future industry leaders

Mentoring and coaching can benefit your agency and your team, as well as the entire industry. Here’s how.

15/08/2022

15/08/2022 12:00:00 AM16/08/2022 1:06:32 PM

Answering the call during challenging times

Flood-impacted REINSW members in the Northern Rivers region have faced many problems to solve – but ensuring phone calls continue to be answered promptly and professionally hasn’t been one of them, thanks to the generosity of OfficeHQ.

12/08/2022

12/08/2022 12:00:00 AM12/08/2022 10:54:18 AM

Changing with the times

The value of REINSW membership cannot be overstated. Here, some longstanding members reflect on what they’ve gained through their involvement with the Institute over the years.

11/08/2022

11/08/2022 12:00:00 AM12/08/2022 10:29:06 AM

Rental crisis takes hold as Sydney vacancies drop to new low

After a brief reprieve last month, the latest REINSW Vacancy Rate Survey results show that residential vacancies in Sydney have once again taken a dive. Vacancy rates across regional New South Wales were a mixed bag.

09/08/2022

9/08/2022 9:00:00 AM9/08/2022 10:25:04 AM

Agents step up to help

Floods have devastated communities across NSW and, when faced with adversity, local agents have shown a generosity of spirit and determination. Here is a glimpse of just some of the acts of kindness that demonstrate why agents are our local heroes.

26/07/2022

26/07/2022 12:00:00 AM3/08/2022 12:13:11 PM

Birds of a feather

After 20 years as Licensee & Director of LJ Hooker Freshwater, Cranston Schwarz was ready for a new and creative business challenge. The result is Schwarz, a proudly independent, boutique agency servicing the southern end of Sydney’s Northern Beaches

25/07/2022

25/07/2022 12:00:00 AM25/07/2022 11:02:43 AM

Managing Mould: Tips for property managers

Mould. It’s a word that evokes a feeling of dread for most property managers. After months of torrential rain, property managers across NSW are being inundated with complaints from tenants and with temperatures plummeting the problem is set to worsen

21/07/2022

21/07/2022 12:00:00 AM21/07/2022 3:27:32 PM

How to get ahead of the competition when giving an appraisal

It is one of the toughest parts of being a real estate agent – conducting a property appraisal and not landing the listing. Despite your best efforts, the seller decides to go with another agency. So, how can you avoid rejection and win over a vendor

20/07/2022

20/07/2022 12:00:00 AM20/07/2022 9:24:35 AM

Know your cyber risks and stay alert

Cyber-attacks are on the rise and an increasing number of unsuspecting real estate agents are being tricked into redirecting funds and disclosing private information. Agents know property, but when it comes to cyber security it’s a different story.

19/07/2022

19/07/2022 12:00:00 AM19/07/2022 9:28:07 AM

Vacancy rates ease slightly, but demand continues to escalate

MEDIA RELEASE: The latest REINSW Vacancy Rate Survey results show that residential vacancies in Sydney bounced back slightly in June 2022 after recording a five-year low in the previous month.

13/07/2022

13/07/2022 9:00:00 AM13/07/2022 6:04:45 PM

REINSW 2022 Awards for Excellence finalists announced

MEDIA RELEASE: REINSW has announced the finalists for its 25th annual Awards for Excellence, the most respected competition within the real estate profession, which acknowledges exceptional performances across the industry.

05/07/2022

5/07/2022 7:00:00 PM18/07/2022 5:28:29 PM

Why mentoring matters

It is an intensely competitive business, but the real estate industry can also be one of the most nurturing. Sharing knowledge and experience - through mentoring - helps to foster professional development and leadership skills.

29/06/2022

29/06/2022 12:00:00 AM29/06/2022 10:34:55 AM

Ollie Gearing wins the 2022 REINSW Novice Auctioneers Competition

MEDIA RELEASE: A record seven finalists battled it out on Friday evening at this year’s REINSW Novice Auctioneers Competition (NAC) Final. The event saw Ollie Gearing, from Advantage Property Group in Newcastle, take out the winner’s crown.

27/06/2022

27/06/2022 7:00:00 PM13/07/2022 6:14:03 PM

REINSW responds to NSW Budget

MEDIA RELEASE: The NSW Budget was handed down yesterday and housing affordability was a key focus, with stamp duty reform and the shared equity scheme trial taking centre-stage. REINSW has provided its response to the measures.

22/06/2022

22/06/2022 9:00:00 AM13/07/2022 6:16:03 PM

Just do it

'Just do it’ is the motto Rebecca Cribbin lives by. This mindset has helped her to take opportunities, build two successful real estate businesses, and write a book to share her expertise with others wanting to manage holiday and short-term rentals.

21/06/2022

21/06/2022 12:00:00 AM21/06/2022 9:41:13 AM