Strata and Community Title Developments

Compulsory Land Acquisitions - New Owner Rights

Amendments to the Land Acquisition (Just Terms Compensation) Act 1991 (“Act”), which commenced on 1 March 2017, give owners some significant new rights.

Strata Renewal - Lot Owners' Consent is Required for DA

Each lot owners’ consent is required for any DA relating to the ‘whole’ strata scheme

Under the new Part 10 strata renewal provisions in the Strata Schemes Development Act 2015 (SSDA 2015) there is no special power given to an owners corporation to lodge a development application over all lots.

Collective Sales – Where Owners Come Together to get the Best Results

‘Collective Sale’ has been a property buzzword in 2016 – state and local government zoning changes, together with the changes that the Strata Schemes Development Act 2015 now bring, make collective sales a hot topic right now.

Urban Renewal - The Importance of the Returning Officer

The Strata Schemes Development Act 2015 and the Strata Schemes Development Regulation 2016 commenced on 30 November 2016. One of the most important reforms effected by the act is the urban renewal mechanism contained in Part 10, which may permit the collective sale or redevelopment of strata schemes, without unanimous agreement of lot owners being required. We are already encountering developers and lot owners pushing forward with proposals, with a view to moving quickly when the act comes into force.

Navigating Strata Urban Renewal: Commercial Gain – vs – Home Ownership

One of the most important reforms effected by the act is the urban renewal mechanism contained in Part 10, which may permit collective sale redevelopment of strata schemes, without unanimous agreement of lot owners being required. We are already encountering developers and lot owners pushing forward with proposals, with a view to moving quickly when the act comes into force.

Top Ten Tips for Buying a Strata Unit "Off the Plan"

Buying a strata unit “off the plan”, before it has been built, has long been common.

As compared with buying an existing property, there are many potential benefits,e.g. good pricing offered by developers needing to satisfy finance requirements, potential capital gain during the period between signing the contract and settlement, possible government first home buyer assistance, flexibility regarding floor plan and inclusions and more time to arrange your affairs before moving.

Submission On Community Schemes Law Reform and Position Paper

This is a submission from Bannermans Lawyers addressing a number of issues raised in the discussion paper, based on our experience acting for community associations, lot owners, managing agents and contractors in relation to community scheme transactions and disputes.

How A Developer Retains Control Of A New Strata Building

Despite legislative restrictions on developers retaining control of new apartment buildings, developers can continue to control buildings after completion.

Strata Renovations & Subdivisions - Exempt & Complying Development Laws May Remove the Need for Council Approval

Owners and developers of strata units considering renovations or subdivisions need to consider whether council approval is required. Failure to obtain a required approval can have serious consequences, including penalties, upgrade or demolition orders and prejudice to insuring, leasing, mortgaging or selling the property in the future.

How do we Make Money from Common Property?

Strata schemes want to utilise their common property to the best advantage available.

There are many different avenues available that we have assisted in such as:

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