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Strata News | Tower Body Corporate
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Welcome to the October Edition of Tower News
How much is that doggy in the window? About $500,000 in legal fees if that doggy is a Miniature Schnauzer named Angus and the window is a luxury Sydney high rise trying to uphold its no pets by-law.
The case over the validity of a no-pets by law made national headlines this month when the NSW Court of Appeal overturned the rights of owners to pass by-laws prohibiting animals in that state.
Queensland has been living with similar regulation for some time, and the matter highlights just how difficult it can be for owners to enforce the rules. It may be time for your plan to review the regulations for your complex.
Elsewhere in this issue:
- We look at the latest rules helping strata plans manage their way through the Covid crisis.
- Find out what your strata manager gets up to all day.
- Catch up with the latest property news.
As ever, don’t forget to contact us if you have a strata question or if you want any topics covered in the newsletter. Follow the social links at the bottom of the newsletter or mail us at info@towerbodycorporate.com.au.
Kind Regards,
The Tower Body Corporate Team
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Why it’s a Good Idea to Take a Regular Look at the By-Laws
William Marquand,
Tower Body Corporate
Not many schemes will have their internal disputes go as far as the Court of Appeal, but most have by-law issues from time to time and resolution is not always straightforward.
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QLD Body Corporate COVID 19 Response
Tower Body Corporate
With the many challenges and risks created by the ongoing global COVID-19 pandemic, the Queensland government has been successful in acting promptly to pass legislation to protect those living and working in bodies corporate. Find out all of the changes here.
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What Does Your Strata Manager Do?
William Marquand,
Tower Body Corporate
The short answer is that managing agents assist owners corporations with the administration of their buildings as per the terms of their agency agreement. Basically, "we are here to help".
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Q&A: Seeking Pet Approval from Your Body Corporate?
Will Marquand,
Tower Body Corporate
Question: How does a Body Corporate manage visiting pets? Is it usual to require permission prior to visiting? Can we enforce a time limit?
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Latest News
John McCarthy, InQueensland
Shares in the Gold Coast-based property developer Sunland jumped 44 per cent today after it announced it would sell off its assets, repay all debts and return the cash to shareholders through a dividend and capital payments of about $2.56 a share.
Eliza Owen, CoreLogic
The latest ABS housing finance data shows the portion of housing finance for the purchase of property lent to investors fell to a fresh record low of 23.5% in August. This is significantly lower than the decade average of 36.1%.
Property Observer
Figures have revealed the popularity of townhouses is soaring, with approvals for new townhouses at record levels in Australia’s biggest cities.
Queensland Police
When it comes to high-rise residential buildings and apartments, security is essential. The majority of break-ins are opportunistic, especially when there is evidence of quick and easy entry and unsecured valuables are visible.
Brisbane Development
Sentiment and investment in residential property in Queensland remain promising, with the 2020 Property Investment Professionals of Australia (PIPA) Annual Investor Sentiment Survey finding two-thirds of property investors are still looking to capitalise on opportunities.
Renee McKeown, The Urban Developer
A $2.74 billion marina, residential and recreation precinct just north of Brisbane is set to be streamlined under Queensland's priority development area scheme.
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