Where Do Your Strata Levies Go?
For many owners, strata levies can feel like just another bill to pay. But understanding how these funds are used helps reveal the real value they provide. Levies aren’t just expenses — they are what keep the building operating smoothly, the common areas maintained, and property values protected. Levies are usually divided into several key categories, each with its own purpose. […]
Planning for the Future: Why Your Strata Needs a Sinking Fund Forecast
One of the most valuable tools a strata community can have is a Sinking Fund Forecast. This document acts as a roadmap for the future, outlining what work needs to be done, when it should happen, and how much it is likely to cost. A well-prepared plan usually covers major works such as roof repairs, […]
The Difference Between the Administrative Fund and the Sinking Fund
Every strata community relies on two main funds to operate effectively: the Administrative Fund and the Sinking Fund. They serve different purposes, but both are essential in keeping a scheme financially healthy. The Administrative Fund: Covering Day-to-Day Costs The Administrative Fund is the community’s everyday account. It pays for routine, short-term expenses that keep the […]
Understanding Strata Management vs. Committee Responsibilities
What a Strata Management Company Does A strata management company—sometimes called a “body corporate manager” or “strata managing agent”—provides professional support to your body corporate. Their role is administrative, operational, and supportive, working under the direction of the body corporate committee, but they do not make decisions on behalf of the owners. Typical responsibilities include: […]
Buying and Selling in Strata Schemes: What You Need to Know
Strata living in New South Wales offers the benefits of convenience, shared facilities, and community living — but it also brings specific responsibilities. Whether you’re considering purchasing your first strata home or selling an existing one, it’s important to be across how the process differs from that of standalone properties. Here’s a simple breakdown of […]
The Battle for Security in Strata Communities
In an age where security is more critical than ever, strata communities are on the frontlines, fighting to protect their homes and common spaces. But installing security cameras in these shared areas isn’t as simple as flipping a switch. Whether you’re in New South Wales, Queensland, or Victoria, the process of getting CCTV installed is […]
SSKB Strata App Update
Exciting news for all SSKB strata scheme lot owners and committee members! We’re pleased to introduce an innovative new feature in the SSKB app that will make managing your strata lot even easier. With our latest update, you can now view your full transaction history directly on the Lots and Levies page, providing you with […]
Roles and Responsibilities of the Body Corporate in Queensland
Queensland is home to approximately 49,000 strata schemes. Increasingly leading individuals to engage with community living and understand the roles and responsibilities of the Body Corporate in Queensland. The Body Corporate plays a crucial role, as outlined by legislation, with the Committee acting as the driving force, making decisions that benefit all owners. In this […]
Roles and Responsibilities of the Owners Corporation in NSW
In New South Wales, over 1.2 million residents call a strata residence their home. Living in such communities means familiarising yourself with the roles and responsibilities of the Owners Corporation in NSW. Governed by Legislation, the Owners Corporation plays a pivotal role, with the Committee acting as its executive branch. Ensuring decisions made are in […]
Roles and Responsibilities of the Owners Corporation in Victoria
There are currently over 85,000 active Owners Corporations in Victoria, covering more than 772,000 individual lots. Navigating community living in Victoria involves understanding the roles and responsibilities of an Owners Corporation. An Owners Corporation plays a crucial role, as outlined by legislation, with the Committee acting as the driving force, making decisions that benefit all […]