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Tony Johnson, Horner Management
Question: We are a self managed 4 unit scheme. We don’t have a sinking fund so strata maintenance and associated costs are handled as required by the 4 owners. But who pays for what?
Most Recent Strata Information South Australia Articles
- NAT: Only a small fraction of buildings with flammable cladding have been fixed, and owners are feeling the strain - Australia has more than 3,400 buildings with flammable cladding. The estimated cost of making these buildings safe is in the billions. There is limited funding to rectify the highest-risk buildings. Occupants of lower-risk buildings have largely been left to fund the work themselves.
- NAT: Deakin Uni Conducts Strata Insurance Commissions Survey - This article discusses a survey Deakin University is conducting to gain an insight into lot owner's perceptions of the strata insurance industry and particularly, strata insurance commissions.
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