Yearly Archives: 2010

Netstrata engage Public Speaking Australia for seminar

Last Friday the strata manager’s and support team at Netstrata undertook an intensive training session with Greg Stockwell from Public Speaking Australia to learn better presentation skills. Greg has worked with a large number of big corporations, sporting and media identities and politicians; it was a great privilege to have him present for Netstrata.

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Greg Stockwell Public Speaking Australia and Wendy Wong Netstrata

Wendy Wong Netstrata’s Corporate Training and Development Manager said ” an important  role for a strata manager is to present effectively at all meetings of our client schemes. Learning skills to help our team in this regard will ensure our clients go away with a greater understanding as to what has occurred at their property’s throughout the year”

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Sarah Tickner Presents

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Korda Mentha appoint Netstrata – Kemblawarra Business Park

Corporate recovery firm Korda Mentha appoint Netstrata to undertake the setup and management of the Kemblawarra Business Park community association in Port Kembla. Tenancies include Toll, Harvey Norman, Dairy Farmers and Southern Steel.

Business Development Manager Jeremy Stone said ” its great to be recognised as industry leaders in strata  & community title management and given the opportunity to setup this project”.

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Netstrata appointed as Strata Managers for ADVANX Apartments

Netstrata are proud to announce that they have been appointed as strata managers to the prestigious Advanx Apartments developed by Lindsay Bennelong Developments and built by renown builders Kell & Rigby.

Advanx Apartments at night

At one of Sydney’s last major development opportunities, the former Advanx Tyre & Rubber site in Rushcutters Bay, has been developed into an exclusive residential precinct that will represent the epitome of luxurious, inner city living. Strata Manager Emily Goodreid said “It is fantastic to be involved with such a fantastic project with such an enthusiastic group of owners and executive committee, I look forward to working with them to provide a premium service strata management service”.

For more information regarding this great project contact strata manager Emily Goodreid on 02 8567 6407 or see the project website at www.advanxeast.com.au

Governing the compact city – UNSW City Futures survey

A new two-year research project, being undertaken with the assistance of the NSW strata industry, the NSW State Government and the Federal Government, will chart the key issues facing the governance and management of strata buildings. The research will be undertaken by the City Futures Research Centre at the University of NSW.

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The project is the first major study of the strata sector undertaken in Australia. Win 1 of 4 $250 Coles Myer Gift Cards (Authorised under NSW permit number LTPS/10/00291).

The research has three main aims:

  1. To explore the role, capacity & effectiveness of owners’ corporations as agencies of property governance and management.
  2. To explore the capacity & effectiveness of strata managers as mediators of outcomes for owners and residents in strata & their role within the overall structure of management & governance.
  3. To assess how well residential strata works from strata owners’ points of view.

The project, which focuses on NSW, will deliver systematic information about the operation of the strata system. The findings will assist residents, owners and those involved in strata management and policy development to better understand the nature and scale of issues facing the strata sector and its capacity to self-manage these issues. It will provide an informed evidence base to support improved best practice and policy development across the sector. While it focuses on NSW, the results will inform policy and practice in the strata sector across Australia.

This survey is intended to gauge individual committee members’ opinions and experiences, rather than a collective Strata Committee view. We therefore encourage all individual Strata Committee members to participate. We would be pleased if multiple committee members in the one strata scheme complete the survey.

Go to the their website to see the report.

Strata schemes regulations reform

UDIAManaging Director Stephen Brell has been appointed to the Urban Development Institute of Australia’s Strata & Community Title Committee. Stephen will be involved with reviewing the current Strata Schemes Management Regulations and will be preparing some recommendations to be submitted to the NSW Government for consideration. Stephen said “I am pleased to be part of this committee, as there are a lot of opportunities to enhance the current regulations resulting in greater options for strata schemes”.

Strata Manager’s kick off their support for RMH Charities

The strata managers at Netstrata kicked of their support for Ronald McDonald House Charities this morning with a McDonalds Breakfast.

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The McDonalds Breakfast

The strata managers and support team make a contribution from their monthly salary with the company matching their donation dollar for dollar. It was fantastic to see the take up from the staff with almost everybody being involved.

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Christine Ashfield-Howell & Jessica Middleton eating for a good cause!

Strata Manager Peter Sawell said “its a great charity as it is directed at helping the lives of kids who are doing it tough, allowing mum and dad to be close to their kids”.

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Senior Strata Manager Peter Sawell and his Bacon & Egg McMuffin

Ronald McDonald House Charities are famous for providing accommodation close to the major hospitals so that the families who have children undergoing treatments can be nearby to provide love and support.

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The Famous Hash Brown.

Top 10 tips for avoiding strata strife

On the Office of Fair Trading website the Minister for Fair Trading Virginia Judge today urged residents of strata schemes to follow 10 tips to avoid potential problems with their neighbours, which would also make the jobs of strata managers less stressful.

Ms Judge said requests for mediation in strata disputes had risen from 1,273 in 2008 to 1,405 in 2009 – an increase of almost 10 per cent.

“Complaints last year ranged from the ordinary to the off-the-wall,” Ms Judge said.

“You can understand differences of opinion over processes – but some behaviour is just peculiar.”

Some of the more unusual complaints received by Fair Trading last year included:

  • a long-running and personal feud between neighbours peaking with one positioning what the adjoining owner described as an “evil-looking effigy” in his courtyard so that it stared directly into his bedroom
  • a complaint made against an owner whose large dogs and particularly noisy pet geese were disturbing other owners resulting in threats that the geese would help save his weekly dog food bill, and
  • high rise residential tower residents dropping tables, chairs, lit cigarettes and dirty nappies onto the pavement outside the ground level café and shops.

Ms Judge said the good news was that while there was an increase in mediation requests last year, they represent a tiny fraction of the State’s 65,000 strata schemes.

“People want to get along. Whether you live in a unit, a duplex or a house, being happy in your home and having a sense of community is so important,” she said.

“Exercising commonsense and your responsibilities as well as your rights will help avoid frayed nerves.”

Ms Judge said the most common bugbears were associated with alterations to common property, breaches of by-laws, relationships with managing agents and meeting procedures.

“Fair Trading is always on hand to help and has a proven track record in helping strata residents,” she said.

“More than half of annual requests for help are either resolved during that first phone call or the caller chooses not to proceed further.

“Of the matters that do proceed, Fair Trading successfully mediates 70 percent, with the remainder adjudicated by the Consumer, Trader and Tenancy Tribunal (CTTT).”

Ms Judge said NSW Fair Trading’s Top 10 Tips for Strata Living include the following:

  1. Get involved – Decisions are made at meetings so get involved. Make your vote count. Use your proxy if you can’t attend.
  2. Know the rules – read Fair Trading’s “Strata Living” publication which outlines strata management requirements. see https://www.netstrata.com.au/useful-links/
  3. Looks are deceiving – get approvals before altering common property. It doesn’t matter that it’s your courtyard, if it’s common property, it’s owned by everyone.
  4. What will the neighbours think? – be mindful of others. Noise can be annoying – as is taking up visitor parking with your vehicles.
  5. Protect your investment – maintain common property. If it’s getting run down, put up a motion at a meeting for specific works to be done.
  6. Talk first – talk to your neighbours if there is a problem. They may not realise their actions are causing a nuisance.
  7. It’s your strata scheme – your strata managing agent works for you. If you’re not happy with their performance, have a meeting and vote to instruct them on how you want them to manage your scheme.
  8. If you don’t like it, change it – by-laws are there to guide the behaviour of owners and tenants. If the by-laws aren’t working, change them. You do this by putting a motion with the new by-law to a general meeting, getting over 75 per cent to vote for it, then registering the by-law at the Land and Property Management Authority.
  9. Don’t let it fester – pursue by-law breaches. If talking has not resolved a by-law breach, contact your strata committee or strata managing agent to issue a Notice to Comply with a By-law. This can lead to a fine of up to $550. You may also want to apply for mediation.
  10. Be flexible – there may be times you need to give a little more leeway to accommodate different personalities.

More information can be found in the following document or call 13 32 20. http://www.fairtrading.nsw.gov.au/biz_res/ftweb/pdfs/About_us/Think_smart_newsletter_February_2010.pdf

If your strata scheme needs help then one of our strata managers may be right for you. For an obligation free quote do not hesitate to contact our Business Development Manager Jeremy Stone on 02 8567 6408. Putting management back into strata.

Strata Managers help Ronald

The strata managers and administration team are pleased to announce their support for Ronald McDonald House Charities.
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Business Development Manager Jeremy Stone said “We are pleased to be involved with a charity that give so much to sick kids and their families when they need it most”.

For more information about Ronald McDonald House see their website at www.rmhc.org.au

ABS house prices (December Qtr) 5.2% qoq, 13.6% yoy

Through the course of last year, officials continually raised concerns about the potential for house price inflation. As recently as August last year, RBA Governor Stevens stated “a very real challenge in the near term is …to ensure that the ready availability and low cost of housing finance is translated into more dwellings, not just higher prices…[and] if we fail to do that – if all we end up with is higher prices and not many more dwellings – then it will be very disappointing, indeed quite disturbing.”

While the various house price measures have produced different outcomes for the December quarter, the overall message is the same – house price inflation in 2009 exceeded 10%. Clearly, the increase in supply has been insufficient to compensate for the strength of demand.

Among the capital cities, during the December quarter, prices grew the fastest in Melbourne, rising 6.8% during the quarter; an annual rate of 19.7%. Sydney house prices grew 5% over the same time period, an increase of 12.8% on the previous year, while Brisbane prices improved 3.8% in the December quarter and 10.9% over the year. Perth prices rose 5.7%, up 11.5% on a year earlier. Only in Adelaide is annual price inflation less the 10%, up only 5.1% annually.

Insights

With property prices rising and interest rates doing likewise, housing affordability is continuing to erase the improvement it achieved through to the first half of 2009. This much is inevitable.

Looking forward, first home buyer demand is set to ease back further which, on the face of it, should lead to a reduction in price pressures. However, despite this and the increase in housing supply which has taken place, a significant and growing under-supply of dwellings exists among the states.

Placed in perspective, it would take three years of current housing production simply to eradicate the current shortfall in NSW, one year of production to remove the shortfall in Victoria and slightly under a year’s production to do the same in WA. In light of this, and with the population continuing to grow at a rapid pace and the labour market strengthening, the demand pressures for dwellings look set to remain acute.

This suggests single income first home buyers will increasingly be priced out of the housing market and, as a consequence, more offspring will remain living at home with parents for longer. This may result in the move towards smaller and smaller (more affordable) housing which has its limitations, as household size looks set to reverse the long-run trend and increase. The deterioration in housing affordability and significant under-supply of new housing also points to greater demand for rental accommodation.

Prepared by Property Insights