EP:43 - Strata, Body Corps and Captial works explained with Susan Hancock

Everything Property

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4M ago 34:00

MP3•エピソードのホーム

This week on the Everything Property podcast with your host David Hamilton, we're joined by Strata expert Susan Hancock to discuss and breakdown all things related to strata, body corps, capital works and all things in-between.
During this episode, we cover off the following:
- What buildings require strata
- How a body corp and a strata commitee works
- How important voting and attendance is at body corp meetings
- Capital works (sinking funds) and how they are calculated
- Administration funds and how they are calculated
- How to check the building you're buying into has been managed correctly
- Red and green flags to look out for
- How special levies are created and what contributes to them
- How strata rates are calculated and what contributes to them
- Plus so much more (I really learnt alot from this one!)
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Disclaimer: The topics, conversation, opinions and discussion provided in this episode are general in nature. As a listener you should not take or use the information discussed as financial advice. Everything Property and its associates recommend that you always engage in independent financial advice before making any investment or purchasing decision.