A strata purchase means buying into a community, a budget and a legal framework. It is a popular choice in NSW thanks to urban density, affordability and convenience. However, there are important things to consider before signing any contracts
If you’re wondering what a strata report is, it’s a collection of records that outline how a scheme is run. They tend to come up when someone’s looking to buy into strata, but the insights they offer are just as useful long after the contract’s been signed.
Thinking of an investment property, a new apartment, a unit, or downsizing? Be sure to obtain a strata report before buying. ASSM is a strata management expert and your partner before investing in an owners corporation.
We provide Australia’s most professional and comprehensive strata management services across Greater Sydney and other parts of NSW. Our expertise spans residential, community, commercial and industrial strata schemes. It’s easy to switch to All Suburbs Strata Management. See the extensive range of suburbs our certified strata managers oversee below.
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Buying a strata property means you own your individual lot and share ownership of common property with other owners in the scheme — which includes shared facilities, maintenance and financial responsibilities.
A strata report provides essential information about the scheme’s financial health, upcoming major works, special levies, insurance status and by-laws — helping you identify risks and avoid unexpected costs.
Yes — in addition to a strata report, getting a building inspection report helps assess the physical condition of the unit and common property, revealing structural or defect issues that could be costly.
Strata levies are regular payments you make as an owner to cover administrative costs, maintenance, insurance and contributions to the capital works fund. They vary by scheme and are key to budgeting before you buy.
By-laws define the rules of the community — covering pets, renovations, noise, parking and common area use. Reviewing them helps ensure the scheme matches your lifestyle and expectations.
Once you buy into a strata scheme in NSW, you become a member of the Owners Corporation, which includes voting rights and obligations to comply with by-laws, pay levies, and participate in meetings or decisions that affect the property.
