Ep.18 Michelle's Guide to Reading a Strata Report

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This week, Michelle delves into the world of strata. If you’re looking for a property that is strata title, what should you be looking for in the strata notes?

HERE’S WHAT YOU’LL LEARN FROM TODAY’S EPISODE:

  • Why it’s important to get a copy of the strata notes;

  • Where to start, and why looking at the funding position is key;

  • Sinking funds/Capital Works funds, and why they’re important;

  • Strata manager rule of thumb guidelines to start with;

  • Special levies, what have been charged to date and for what purpose;

  • Sinking fund forecasts, why they’re a good thing to look for;

  • The executive committee, the history of the AGM’s;

  • Is the committee meeting its annual requirements (eg. fire safety compliance);

  • Where things can go wrong with a new building;

  • History of the builder;

  • Websites to take a look at; And

  • Understanding your potential share should you raise concerns in due course. 

LINKS OR ARTICLES WE MENTIONED: 

SPEAKERS IN TODAY’S EPISODE

Michelle May - Sydney Buyers Agent

Marcus Roberts - Mortgage Broker

 ASK US ANYTHING!

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