Tower - Your Body Corporate Specialists

Strata News
Tower Body Corporate
October 2017 Edition

In our October edition, we cover the following:

How can you tell if your building is affected by the flammable cladding crisis? If in doubt, get your external cladding tested! Why is it important to keep common areas clear? Frank Higginson from Hynes Legal answers your questions about proxy votes. Plus, how much do Sinking Fund Forecasts actually cost?

**LAST CHANCE**: Don't forget to have your say on the Property Law Review - comments due by 6 October 2017.

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.

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Kind Regards

The Team at Tower Body Corporate

Be sure your building isn’t at risk! Have external cladding tested.

Kimberley Lundberg,
Insurance Aid General Brokers
How do we minimise the risk and how do you recognise the combustible cladding? Without a copy of the building plans, it seems the only way to be sure your building isn’t at risk is to have external cladding tested.

Read More....

Q&A The Average Price of a Sinking Fund Forecast

Paul Seymour,
Seymour Consultants
Question: What is the average price of a sinking fund forecast for a 26 lot complex in Queensland? Is it mandatory to have a sinking fund?

Read More......

Car Park Storage: Dangerous items stored in Common Areas

Peter Greenham,
Independent Inspections
Having sited over 4 cases of dangerous items stored incorrectly in common area car parks, we thought it was pretty important to let managers and residents know about important safety concerns around car park storage.

Read More......

Q&A How many proxies can one person hold?

Frank Higginson,
Hynes Legal
Question: What are the rules regarding voting and holding of proxies at the Annual General Meeting for a small block of less than 20 units?

Read More......

Forward

Latest News

Crane Index Defies Predictions Of Construction Collapse

The Urban Developer
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A quarterly crane index has indicated that Australia’s construction boom is not yet over, with 653 cranes sighted on working developments across Australia.

Toddler injured by glass in pool: Hotel manager 'fed up'

Inge Hansen, Fraser Coast Chronicle
27 September

A PERSON'S late night behaviour shattered a family's holiday when their three-year-old son was taken to hospital after broken bottle glass cut his foot in a hotel pool.

ANZ's blacklists postcodes in Brisbane and Perth

PropertyObserver
25 September

ANZ has tightened its borrowing rules on lending to apartment buyers in Brisbane and Perth. It will impact of financing hopes of upcoming off the plan buyers with many from interstate.

Designing the modern city: How Queen’s Wharf will help shape Brisbane’s public realm

Urbis Brisbane
19 September

At the beating heart of the metropolis, Queen’s Wharf Brisbane connects the city and its people to many of its greatest assets – none greater than the river. It’s just a stone’s throw from the botanic gardens, the Roma Street Parklands and the Queen Street Mall. It captures views to Mt Cootha and the surrounding ranges and serves as a gateway to stunning Moreton Bay.

Insurers push architects for answers over past cladding installs

Branko Miletic, Architecture&Design
20 September

Architecture firms are being forced to audit their own past building projects, thanks to insurers threatening to withdraw insurance cover after the recent Grenfell Tower fire in London and the 2014 Lacrosse apartments blaze in Melbourne.

Fire forces dozens of people out of unit block at Chermside

Madura McCormack, The Courier-Mail
16 September

At least 80 residents of Focus Apartment on Hamilton Rd, Chermside, were forced to evacuate after a third-storey balcony fire reignited just before 2am on Friday 15 September.