Tower - Your Body Corporate Specialists

Strata News
Tower Body Corporate
November 2017 Edition

Welcome to this month's edition of Tower Strata News.

Keep reading to find out about what to do if you have a sinking fund in deficit. SCA looks out for owners with the latest about fixing aluminium cladding. Interested in some strata committee training? Find out about the recently launched Committee Training program, brought to you by SCA. Time for a freshen up or update at your scheme? Read our tips on taking on a building refurb - the right way.

This complimentary newsletter forms part of the comprehensive service provided to you - by keeping you informed and up to date with important news, including any changes that are happening in the Strata Industry. It contains news and articles relating to apartment living in the South East Queensland region.

Please let us know if you would like information about a certain topic. Maybe you have some feedback about the newsletter. Either way, we would love to hear from you.

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Kind Regards

The Team at Tower Body Corporate

Q&A Sinking Fund in Deficit By Mistake. How Do We Fix This?

Frank Higginson,
Hynes Legal
Question: Special levy funds were incorrectly paid into the administration account. The invoice was paid from our sinking fund resulting in the sinking fund in deficit.

Read More....

SCA Education Spreads Its Wings: Strata Committee Training Course

Carole Anderson, Strata Community Association National
This comprehensive, national Strata Committee Training Course provides a practical overview of the role for existing Strata Community Committee Members and Lot Owners who may intend to serve in a voluntary role on a Committee at a later date.

Read More......

A Tale of Two Committees: A few tips on getting refurbishment projects done right!

Grahame Vile, BAAM Consulting
Getting refurbishment projects done well in strata titled properties, especially residential communities, is a significant challenge. We discusses issues commonly encountered that cause friction, from an independent consultant’s perspective, and showcases a model used by a scheme who managed the process well to deliver great results.

Read More......

Strata Community Seeks Fairness in Aluminium Cladding Fix

Lannock Strata Finance
Strata Community Australia is stepping up its fight for fairness as the issue of non-compliant aluminium cladding impacts strata owners across Australia.

Read More......

Forward

Latest News

Will our future be all high rise, silver space suits and flying cars?

Paula Ross, The Border Mail
2 November

Do you ever wonder what our lives may look like in 20 or 30 years time? And what our homes may look like?

Townhouses Most Popular Residential Development Sites As Move To Medium Density Intensifies

The Urban Developer
1 November

Townhouses have trumped apartments and houses to become the most popular residential development sites in Australia.

Apartment prices to fall in most capital cities by 2020

Jennifer Duke, Domain
25 October

The reasons for the weakness in the outlook for most cities’ apartment market was attributed to a “glut” of too many new developments. In particular, Brisbane would be worst hit with declines of 7.2 per cent anticipated.

Brisbane suburbs where buying an apartment will require large cash deposit up front

Isobel Roe, ABC News
21 October

Buying an apartment in some Brisbane suburbs will soon become a lot more difficult after major banks released lists of suburbs deemed risky, where they will require a deposit of up to 20 per cent for a home loan.

Three of the best new inner city apartment developments in Brisbane

Bernadette Condren, Domain
17 October

Living in an apartment doesn’t mean you can’t have the perks of the suburbs too — think tree-lined streets, peaceful surroundings and room to move — and all with the conveniences and amenities of a prestigious inner city address.