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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convening and voting at meetings, introduced in response to the COVID-19 pandemic, should be made permanent and not repealed on 13 May 2021.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 AM26/02/2021 11:05:03 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 AM23/02/2021 9:20:22 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 AM19/02/2021 9:08:35 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 AM19/02/2021 9:25:20 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 AM19/02/2021 9:24:23 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 AM12/02/2021 2:29:41 PM

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 AM19/02/2021 9:18:53 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 AM19/02/2021 9:17:13 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 AM19/02/2021 9:16:28 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 AM15/01/2021 11:09:41 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 AM21/12/2020 5:30:56 PM

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 AM22/12/2020 3:55:49 PM

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 AM22/12/2020 3:56:26 PM

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 AM22/12/2020 3:57:25 PM

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 AM22/12/2020 4:00:14 PM
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23/09/2021 12:00:00 AM23/09/2021 5:42:50 PM

Sign on the line

Are digital signatures the same as electronic signatures? The short answer is “no”. They are different. Here we explain how they differ and what all agents need to know about using them.

20/09/2021

20/09/2021 12:00:00 AM20/09/2021 10:49:01 AM

REIA’s Real Estate Market Facts show housing prices blew out by almost 20%

MEDIA RELEASE: House prices have inflated by a whopping 18.4% over the year to June 2021, the latest Real Estate institute of Australia’s (REIA), Real Estate Market Facts has found.

15/09/2021

15/09/2021 12:00:00 AM16/09/2021 12:22:15 PM

Recognition of Prior Learning in focus

If you are currently an Assistant Agent and have more than 12 months’ experience, you need to upgrade to your Real Estate Licence by completing a Certificate IV qualification.

15/09/2021

15/09/2021 12:00:00 AM15/09/2021 10:54:08 AM

Embracing tech

Daunted by technology? You don’t have to be. Kylie Walsh explains why and outlines the things you need to consider when deciding what tech to implement in your business.

14/09/2021

14/09/2021 12:00:00 AM14/09/2021 9:23:54 AM

Sydney vacancies plummet to lowest level in more than three years

MEDIA RELEASE: The REINSW Vacancy Rate Survey results for August 2021 show that residential rental vacancies in Sydney have dropped for the fourth consecutive month.

13/09/2021

13/09/2021 12:00:00 AM13/09/2021 12:04:52 PM

Rental Affordability Improves Across Australia

Rental affordability improved marginally across Australia by 0.3 percentage points over the June quarter, the latest quarterly Housing Affordability report by the Real Estate Institute of Australia (REIA) has found.

11/09/2021

11/09/2021 12:00:00 AM13/09/2021 11:58:16 AM

Empowering people experiencing homelessness

Frustrated by the lack of dignity shown to those experiencing homelessness, Suzanne Hopman developed a solution with a difference and launched Dignity, a charity that empowers people with dignity and prevents, responds to and ends homelessness.

10/09/2021

10/09/2021 12:00:00 AM10/09/2021 10:20:21 AM

Vendors should ‘spring’ into action to take advantage of market demand

It was once exceptional for a buyer to purchase a home without setting foot inside the property. But agents are now barely raising an eyebrow at the practice which has become increasingly common during Sydney’s extended lockdown.

08/09/2021

8/09/2021 12:00:00 AM8/09/2021 10:17:11 AM

Focus and determination: Q & A

With a background in land surveying and civil engineering, Barry Cawthorn, Managing Director of Bawdens, was destined to become a commercial real estate success. For 40 years, he’s focused on building teams and giving back where he can.

07/09/2021

7/09/2021 12:00:00 AM7/09/2021 9:57:35 AM

7 time-saving features of REI Forms Live

REI Forms Live is a real saviour. It helps you to save time by electronically generating the mountains of paperwork that keeps your day-to-day business activities on track. But you may not be aware of some of the other ways REI Forms Live can help.

03/09/2021

3/09/2021 12:00:00 AM3/09/2021 11:11:32 AM

Tenant Participation

“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.

1/09/2021 12:00:00 AM1/09/2021 9:38:08 AM
25/08/2021 12:00:00 AM26/08/2021 9:23:59 AM

Burnout, be gone

Working in the real estate industry brings with it much excitement and exhilaration. But there’s also a dark side, where the stresses, challenges and breakneck pace of the job have the potential to lead to burnout.

25/08/2021

25/08/2021 12:00:00 AM25/08/2021 11:33:00 AM

Capital Fund Works Plan

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.

24/08/2021 12:00:00 AM24/08/2021 10:53:16 AM