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What Strata Buyers Wish They Knew Before Buying a Unit | Amanda Farmer, Your Strata Property
Episode 250
It is no surprise that the apartment lifestyle is gaining more popularity among many Australians nowadays.
Amid the housing affordability crisis, a strata title property poses as a more convenient and affordable alternative to home ownership and property investment.
The catch? Prospective buyers often have no idea of the information they need prior to purchasing.
Amanda Farmer, strata lawyer and the host of Your Strata Property podcast, joins us today to talk about what property buyers should expect from buying into a strata complex, from villa units to townhouses.
We discuss everything strata owners wish they knew prior to their purchase–the rules in a strata complex, building repairs and maintenance, the strata committee and their functions, and more!
If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!
See you in the episode!
Episode Highlights:
- The number of owner occupiers and tenants in a strata complex [02:10]
- Repairs and maintenance of the common property [08:33]
- Rules strata owners need to comply with [14:43]
- The two stages in the conveyancing process [22:50]
- Strata committee: who are they and what power do they have? [26:17]
- The affordability of apartment living [31:25]
- What strata owners wish they knew before purchasing [35:21]
- The new New South Wales builder rating system [34:45]
- Checking your unit entitlement [45:28]
- Sustainability infrastructure in apartments [48:25]
About our Guest:
Amanda Farmer is a strata lawyer and the host of Your Strata Property. As a Fellow and Council Member of the Australian College of Strata Lawyers, Amanda advises and represents owners, buildings, developers, strata management companies and local councils.
Links from the show:
- Your Strata Property (https://yourstrataproperty.com.au/)
- Your Strata Property Podcast (https://apple.co/3elgPpo)
- Episode 25 | What hidden dangers can lurk in brand new apartments? (https://www.theelephantintheroom.com.au/podcasts/025)
- Episode 103 | Strata owners - rights & obligations (https://www.theelephantintheroom.com.au/podcasts/103)
- Episode 151 | The Supreme Court’s pet showdown on strata property by-laws (https://www.theelephantintheroom.com.au/podcasts/151)
Connect with Us:
- Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
- Work with Veronica: https://linktr.ee/veronicamorgan
- Looking for a Mortgage Broker? www.wealthful.com.au
- Work with Chris: hello@wealthful.com.au
- Send in your questions to: questions@theelephantintheroom.com.au
Published on 3 years, 2 months ago