OCN Executive Director

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So far OCN Executive Director has created 136 blog entries.

OCN Welcomes Abolition of Emergency Services Levy on Insurance Policies

2023-11-23T12:11:22+11:00

16 NOVEMBER 2023 The Owners Corporation Network of Australia (OCN) congratulates the NSW Government on its decision to reform the Emergency Services Levy (ESL), announced by Premier Chris Minns today. The tax penalises those who pay insurance amid a cost-of-living crunch and at a time when worsening extreme weather means cover is needed more than ever. NSW insurance customers pay around three times the amount of state taxes than Victorian insurance [...]

OCN Welcomes Abolition of Emergency Services Levy on Insurance Policies2023-11-23T12:11:22+11:00

Elephant In The Room Property Podcast

2023-11-17T10:46:06+11:00

30 OCTOBER 2023 OCN discussed "Strata Properties: What's Changing and Why? with buyers agent Veronica Morgan and mortgage broker Chris Bates. Listen here:> https://www.theelephantintheroom.com.au/podcasts/304 00:00 - Introduction 01:25 - Who is Karen Stiles? 02:26 - Building commission changes in NSW and its impact on property owners 08:02 - Complexities, challenges, and risks in strata property insurance 13:21 - Can the strata commissioner contribute to improved strata property management? 14:48 - [...]

Elephant In The Room Property Podcast2023-11-17T10:46:06+11:00

Buyers of defective Sydney apartments allowed to break contracts, recoup deposits | ABC News

2023-11-02T17:06:38+11:00

27 OCTOBER 2023 A landmark deal has been struck allowing people who bought apartments with major defects to get their deposit back. The deal will apply to more than a hundred people who purchased units in Sydney's Imperial Towers. Described as a 'radical' first for New South Wales, the breakthrough is expected to make waves across the finance industry. Watch the full video:> HERE

Buyers of defective Sydney apartments allowed to break contracts, recoup deposits | ABC News2023-11-02T17:06:38+11:00

Buyers of defective Imperial Towers apartments in Sydney allowed to break contracts, recoup deposits in ‘radical’ first

2023-10-30T18:34:39+11:00

27 OCTOBER 2023 Nearly 100 people who purchased defective apartments in a Western Sydney development will have their contracts rescinded and deposits returned under a landmark agreement. Key points: Government inspectors found "serious defects" in 2021 and stopped buyers from moving in Developer said "serious defects" had been rectified prior to the receiver being appointed Apartments can't be sold for 10 years, and future buyers must be alerted to any defects [...]

Buyers of defective Imperial Towers apartments in Sydney allowed to break contracts, recoup deposits in ‘radical’ first2023-10-30T18:34:39+11:00

Backroom deals in strata insurance and how they’re costing you

2023-10-13T13:01:25+11:00

10 OCTOBER 2023 Long-standing conflicts of interest can have a big impact on premiums. There are a lot of moving parts when it comes to strata insurance, and a lot of the movement is hidden from the people who pay for it. Karen Stiles, executive director of the Owners Corporation Network (OCN), a not-for-profit strata owners' advocacy group, has long campaigned for the removal of insurance commissions and broker fees in [...]

Backroom deals in strata insurance and how they’re costing you2023-10-13T13:01:25+11:00

Appointment of a Strata Commissioner for NSW

2023-10-09T12:38:46+11:00

9 OCTOBER 2023 “We welcome today’s announcement that NSW has appointed a Commissioner dedicated to Strata. The appointment of a Strata Commissioner should lead to better coordinated, and transparent responses to the many challenges facing this growing housing sector,” Karen Stiles, Executive Director, Owners Corporation Network said. “Right now, cost-of-living pressures are putting the spotlight on opaque market practices. Strata residents are facing an energy transition, sustainability demands, and rising costs [...]

Appointment of a Strata Commissioner for NSW2023-10-09T12:38:46+11:00

This law was meant to solve Sydney’s housing crisis. It’s left owners devastated

2023-10-06T18:06:07+11:00

1 OCTOBER 2023 The owners of apartments in crumbling old buildings who were offered multimillion-dollar sums by developers to hand them over for demolition and rebuilds have had their dreams dashed by loopholes in new legislation that was ironically intended to make redevelopments easier. Karen Stiles, executive officer of the apartment owners’ peak organisation the OCN, said repeated requests to reform the legislation had fallen on deaf ears. “The state government [...]

This law was meant to solve Sydney’s housing crisis. It’s left owners devastated2023-10-06T18:06:07+11:00

Senate Inquiry into Residential Electrification

2023-10-08T18:09:53+11:00

OCN made a submission on the need to support the residential strata sector, which is lagging behind other household types in the clean energy transition. We recommended that the Committee: see Owners Corporations and Strata Committees as partners with Government; develop a coherent national strategy for the residential strata sector; adopt measures tailored to the strata environment.

Senate Inquiry into Residential Electrification2023-10-08T18:09:53+11:00
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