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Altered arrangements for convening

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convening and voting at meetings, introduced in response to the COVID-19 pandemic, should be made permanent and not repealed on 13 May 2021.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

Strata Management | Strata Management Reforms | News
26/02/2021 12:00:00 AM
Pre-meeting electronic voting for elections

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.

Strata Management | Strata Management Reforms | News
23/02/2021 12:00:00 AM
Quorum

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.

Strata Management | Strata Management Reforms | News
19/02/2021 12:00:00 AM
Items requiring statutory warranty

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.

Strata Management | Strata Management Reforms | News
17/02/2021 12:00:00 AM
Record keeping

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.

Strata Management | Strata Management Reforms | News
15/02/2021 12:00:00 AM
Insurance valuations

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.

Strata Management | Strata Management Reforms | News
12/02/2021 12:00:00 AM
Window safety devices

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.

Strata Management | Strata Management Reforms | News
11/02/2021 12:00:00 AM
Minor renovations by owners

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.

Strata Management | Strata Management Reforms | News
9/02/2021 12:00:00 AM
Affixing Owners Corporation seal

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.

Strata Management | Strata Management Reforms | News
3/02/2021 12:00:00 AM
Interest on levies

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.

Strata Management | Strata Management Reforms | News
15/01/2021 12:00:00 AM
30-day payment for levies

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.

Strata Management | Strata Management Reforms | News
21/12/2020 12:00:00 AM
Initial levies set by developers

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.

Strata Management | Strata Management Reforms | News
16/12/2020 12:00:00 AM
Capital works fund

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.

Strata Management | Strata Management Reforms | News
11/12/2020 12:00:00 AM
Delegated functions and gifts

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.

Strata Management | Strata Management Reforms | News
4/12/2020 12:00:00 AM
Recording exercise of functions

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.

Strata Management | Strata Management Reforms | News
1/12/2020 12:00:00 AM
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Unlocking Growth: Why real estate school-based traineeships are a smart choice!

Unlocking Growth: Why real estate school-based traineeships are a smart choice!

Have you considered taking on a school-based trainee? Through the REINSW School-Based Traineeship (SBAT) program, businesses can harness the potential of young talent, and contribute to the growth of the real estate industry as a whole.

24/04/2024

REINSW | Training | REINSW Training | News
24/04/2024 12:00:00 AM
Despite marginal improvement, NSW rental crisis continues to intensify as rental vacancy rates fluct

Despite marginal improvement, NSW rental crisis continues to intensify as rental vacancy rates fluct

In the March 2024 REINSW Vacancy Rate Survey results there was a modest increase in vacancies observed across some metropolitan and regional areas, however elsewhere vacancies haven’t budged with the rental crisis persisting in many areas.

16/04/2024 | Member-only content. Sign in to view this article.

Vacancy Rates | Media Release | News
16/04/2024 12:00:00 AM
Michael Rebetzke wins the 2024 REINSW NAC

Michael Rebetzke wins the 2024 REINSW NAC

MEDIA RELEASE: Six finalists battled it out yesterday at this year’s REINSW Novice Auctioneers Competition (NAC) Final. The event saw 37-year-old Michael Rebetzke from Menck White, take out the winner’s crown.

11/04/2024

Auctioneers | NAC | Media Release | News
11/04/2024 7:00:00 AM
New rental data demonstrates extent of crisis

New rental data demonstrates extent of crisis

MEDIA RELEASE: New figures from the Rental Bonds Board overlaid with immigration data for NSW shows that each month, the number of people who fail to secure a rental grows by about 15,000.

11/04/2024

Property Management | Media Release | News
11/04/2024 12:00:00 AM
Dealing with adjoining owners

Dealing with adjoining owners

As guardians of strata schemes, you understand that managing these properties involves more than overseeing interactions among lot owners. Frequently, you find yourselves navigating interactions with ‘neighbours’ outside the scheme.

08/04/2024

Strata Management | News
8/04/2024 12:00:00 AM
Short-form video on show

Short-form video on show

Short-form video has exploded in recent years and for good reason – it offers bite-sized bursts of information that can be consumed at convenient times of the day.

02/04/2024 | Member-only content. Sign in to view this article.

REINSW | Marketing | News
2/04/2024 12:00:00 AM
Leap of faith

Leap of faith

Deserving winners of the Real Estate Agency – Small category at the 2023 REINSW Awards for Excellence, Murray Kennedy Real Estate is kicking goals in the Macarthur region of New South Wales.

28/03/2024 | Member-only content. Sign in to view this article.

Residential Sales | REINSW | Property Management | News
28/03/2024 12:00:00 AM
REINSW: Strata help is here!

REINSW: Strata help is here!

MEDIA RELEASE: With the strata sector set for a shake-up amid allegations of conflicts of interests, insurance rorts and inappropriate use of apartment owners’ funds, the REINSW is being flooded with calls from concerned strata managers.

27/03/2024

Strata | Strata Management | Media Release | News
27/03/2024 12:00:00 AM
Agents at the centre

Agents at the centre

Agents are in a unique position to extend and deepen their involvement at all stages of the real estate transaction by building and nurturing relationships with clients that go beyond the obvious moments of buying, selling and leasing.

26/03/2024 | Member-only content. Sign in to view this article.

Residential Sales | REINSW | Agency Services | News
26/03/2024 12:00:00 AM
E-Scooter fires – Reduce your risk in strata

E-Scooter fires – Reduce your risk in strata

They are cheap to run, convenient and fun but e-bikes and e-scooters are also posing a hazard and potential headache for strata buildings.

22/03/2024

REINSW | Property Management | Strata Management | News
22/03/2024 12:00:00 AM
Igniting real estate innovation: WIRE 2024 wraps up, embracing inspiration for change

Igniting real estate innovation: WIRE 2024 wraps up, embracing inspiration for change

The 17th Women in Real Estate (WIRE) conference took place yesterday with a resounding echo of empowerment, resilience, and innovation.

20/03/2024

Women in Real Estate | REIWIRE | News
20/03/2024 3:30:00 AM
Domestic violence in tenancies

Domestic violence in tenancies

Domestic violence is a persistent problem in our community that impacts people from all walks of life and cultural backgrounds across New South Wales. Property managers play a key role in ensuring safe outcomes for tenants.

18/03/2024

REINSW | Property Management | News
18/03/2024 12:00:00 AM
Vacancy rates take a hit as seasonal easing coming to an end

Vacancy rates take a hit as seasonal easing coming to an end

MEDIA RELEASE: After easing over the last two months, the REINSW Vacancy Rate Survey results for February 2024 show that residential vacancies have returned to crisis levels once again.

14/03/2024 | Member-only content. Sign in to view this article.

Rental Vacancy Rates | Media Release | News
14/03/2024 12:00:00 AM
Vacancy rates, house prices rising but stable: REIA REMF

Vacancy rates, house prices rising but stable: REIA REMF

MEDIA RELEASE: The December quarter of 2023 saw property prices in the Australian residential housing market increase overall, the latest Real Estate Institute of Australia (REIA) report, Real Estate Market Facts has found.

13/03/2024 | Member-only content. Sign in to view this article.

REIA | REMF | Media Release | News
13/03/2024 12:00:00 AM
Know your AI cyber risks

Know your AI cyber risks

Cyber-crime is not new – and, more and more, we hear reports of large companies falling victim to cyber-attacks. But beyond large-scale breaches to gain access to company databases, cyber criminals are now using the power of AI to target individuals.

12/03/2024 | Member-only content. Sign in to view this article.

REINSW | Cyber Security | News
12/03/2024 12:00:00 AM

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