The concept of strata management originated in Australia in 1961 to streamline the host of legal compliance that are to be fulfilled to own an apartment. It is a title-based provision which gives the property owner the right to sell or rent his or her apartment. Today, strata management is religiously followed all over Australia […]
Landlords and condominium owners are always affected by any changes in the prices of utilities like electricity and water, as these often eat a large portion of the rental income that they receive from tenants. Moreover, expenses for day-to-day operations such as janitorial and maintenance services also take a significant chunk of what is supposed […]
There are various investment vehicles that individuals or corporations can turn to in order to tap the opportunities presented by either a bullish or a bearish economy. These investments include equities, bonds, foreign exchange, and commodities, among other classes of financial assets. One of the most popular forms of investments, however, is real estate or […]
Property ownership in Australia basically falls under five general categories, namely, the Group or Strata Scheme, Torrens Title or Freehold, Company Title, Leasehold, and Retirement Village. The strata scheme has become a coveted title. Strataman, a website on strata properties in NSW, offers the following definition of a Group or Strata scheme.