Check the tabs for the latest information about NSW Strata Legislation and NSW Strata ByLaws. New information about the NSW Strata Schemes Management Act 2015, Strata Schemes Management Regulation 2016 plus articles and Q&As about NSW strata laws are added regularly. Be sure to check back to be kept up-to-date.
In NSW, apartment residents make up 15% of the population. That’s more than the national average. Over 1.1 million residents live in over 961,000 resident lots within the state. There are over 83,000 residential schemes in NSW and almost half of the NSW apartment residents are between 20-39 years old. Almost 50% of the NSW residential lots are occupied by tenants. The largest demographic, at 31% is a single occupant, followed closely by couples with no children (25%). These facts come from the Australasian Strata Insights from 2020.
NSW + ACT: Helping lot owners deal with strata building defects – Christopher Kerin, Kerin Benson Lawyers
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Most Recent NSW Strata Legislation and NSW Strata ByLaws Articles
NAT: How do we start saving now for the next lift replacement in 25 years? - Question: We are going through a lift replacement costing $200,000 which hadn't been provided for. How do we start saving for the next lift replacement in 25 years time? Can you check my calculations? Lift replacement provision in the sinking fund. We are going through lift replacement at our high rise after 25 years. The cost is $200,000, which had not been provided for. We solved our problem using saved funds for painting which was due to be done in 2027 plus a $2,000 levy for this year. We will replace the painting money over the next 5 years at…
NAT: Most cost-effective way to remove mould from affected areas in a strata apartment - Question: What is the most cost effective treatment that can be applied to remove mould from affected areas? Answer: Clean the mould affected area down with warm soapy water. You can clean mould down with warm soapy water. There is the theory that you can use an 80/20 vinegar water mix. You can also use mould killers. You want to be removing the mould, not just removing the colour of the mould or the mould may still be there. So warm soapy water is really the best for this. Get a hot bucket of soapy water and you can just…
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