strata finance Archives - Owners Corporation Network

How apartment owners are being ripped off….

Jane McIlroy2024-09-11T11:56:12+10:00

Here's today's media UPDATE ABC Four Corners:> VIEW THE FULL EPISODE HERE ABC News: How apartment owners are being ripped off> http://ABC News Daily: How Apartment Owners Are Being Ripped Off ACCC Chair calls for a ban on Strata Insurance Commissions:> ABC News today Brokers and advocates call for public strata inquiry:> Call for a public inquiryAnd in the interest of fairness, Steadfast's response:> https://www.insurancebusinessmag.com/au/news/breaking-news/steadfast-on-abc-strata-investigation-we-refute-the-allegations-504852.aspx Plus there's more Top consumer groups say 'it's [...]

How apartment owners are being ripped off….Jane McIlroy2024-09-11T11:56:12+10:00

Why adding value to your apartment building is worth the investment

OCN Executive Director2022-08-25T17:11:40+10:00

3 AUGUST 2022 When you invest in an apartment, it is possible to increase its value significantly by improving the building it sits in as a whole. This can range from hanging a beautiful artwork in the foyer or lobby to much more substantial projects such as improving the facade, upgrading common areas, installing a lift into a modest walk-up or adding balconies to all units. Paul Morton of Lannock Strata Finance, [...]

Why adding value to your apartment building is worth the investmentOCN Executive Director2022-08-25T17:11:40+10:00

Mascot owners’ best hope is for $40m firesale

Sonya Acton2021-05-14T15:59:01+10:00

5 May 2021 Apartment owners in Sydney’s Mascot Towers will vote this month on a $40 million proposal to sell their troubled apartment tower as a redevelopment site, with many resigned to losing up to 80 per cent on their property as the most realistic way to end their two-year nightmare. Apartment advocacy group Owners Corporation Network says a review of NSW strata laws under way should reduce the scope for [...]

Mascot owners’ best hope is for $40m firesaleSonya Acton2021-05-14T15:59:01+10:00

Tamarama eyesore to undergo $20 million facelift

Sonya Acton2021-04-13T11:54:10+10:00

13 April 2021 The owners corporation of an ageing strata block in Tamarama are breaking new ground in financing a $20 million upgrade to address concrete cancer, fire risks and overall unattractiveness. They are developing a whole new penthouse level for the building that will be sold to finance around half the cost of works. It has taken many years of effort and advocacy – but if you read the profile [...]

Tamarama eyesore to undergo $20 million faceliftSonya Acton2021-04-13T11:54:10+10:00

NSW Stops Short of Paying for Cladding Rectification

Sonya Acton2020-11-30T12:17:39+11:00

18 NOVEMBER 2020 Owners of buildings with flammable cladding in NSW will still need to pay tens of thousands of dollars per apartment to rectify their complexes after the NSW Government refused to Victoria’s lead in paying for flammable cladding to be rectified. Whilst the preference would be for the government to pay for the cost of remediation, Karen Stiles, Executive Officer for OCN welcomed both the announcement of the low [...]

NSW Stops Short of Paying for Cladding RectificationSonya Acton2020-11-30T12:17:39+11:00