Insights

If you own a unit, apartment, or townhouse in a strata scheme, your property is covered by an insurance policy arranged by the Owners Corporation (OC). This Strata Insurance is essential, but it’s often confused with individual lot owners contents insurance. Understanding the difference is key to protecting your assets. ✅ What the Strata Policy

Levy Framework Property owners pay an annual levy (sometimes referred to as a ’contribution’ or ‘fees’). This is to help maintain and repair common property, and to meet running costs and protect your community. At the community’s general meeting, a proposed budget is provided as part of the agenda for the meeting. The budget sets out

Managing a strata scheme comes with financial responsibility, and keeping costs under control is a key priority for any strata committee. Fortunately, there are practical ways to achieve savings without compromising the quality of services or strata community satisfaction. Below are a few examples of effective cost-saving tips that strata committees can implement to manage

With over half of our portfolio consisting of new developments, Strata Sense has significant experience in the management and resolution of new building defects. This experience has confirmed that you are able to avoid the need to engage expensive, external lawyers to resolve your defect disputes. With our specialist capability in this challenging area we

This quarterly note coincides with the end of another year, of the financial type. So first and foremost, on behalf of the team at Strata Sense I would like to thank all the communities that have entrusted us as their Strata Manager during the past twelve months. We take this responsibility very seriously and are

Strata schemes are basically “communities” of shared common property ownership and responsibilities, which often can lead to disputes and conflicts over various issues. Effective dispute resolution is essential to maintain harmony and compliance within these communities. Common causes of disputes in strata schemes These are some of the common disputes that may arise in strata

In 2025, the Australian strata insurance market continues to face significant pressure, with average premium increases ranging from 15% to 20%. These rises are largely driven by inflation, higher construction and repair costs, and an increase in natural disasters, all of which contribute to elevated claims and reinsurance expenses. However, strata schemes that present a