The OC budget is an integral component of establishing an Owners Corporation. It determines the levies which purchasers can expect to pay and can be a deciding factor for those looking to buy a new strata-titled property. It may seem tempting to keep OC budgets as low as possible, to create an attractive price for
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More and more developers are creating projects that focus on sustainability. For many, this is a core value of their business, and they go to great lengths to include sustainability initiatives in their buildings. Despite the trend towards sustainable features in new buildings, and purchasers demanding more environmentally conscious homes, many do not appreciate the
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The establishment of an Owners Corporation is an involved process. Doing it incorrectly or missing key deadlines can have real consequences for your project and purchasers, including the delaying of settlements. Partnering with a trusted and experienced Owners Corporation Manager from the early stages of your project will ensure the Owners Corporation is correctly established
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In May of 2019, an Exposure Draft of the proposed changes to the Owners Corporations and Other Acts Amendment Bill was released. Included within the draft were a range of changes to the legislation that will result in increased consumer protection and professionalism in the Owners Corporation industry. A number of these changes affect the
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More than ever before, buyers are looking for innovative features to make their homes more efficient and convenient. Developers who include these technological initiatives are able to attract buyers more easily and secure their reputation as an industry leader. Many of these initiatives also help achieve a more harmonious and cost-effective Owners Corporation through improved
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At The Knight we strive to be thought leaders within the Owners Corporation industry, constantly sharing and expanding upon our knowledge base. As part of this, we are constantly looking to the thought leaders around us for inspiration and guidance and December 3rd was an afternoon filled with such inspiration. Firstly, we attended the UDIA
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On Oaks Day, 7 November 2019, The Knight hosted our first ever ‘Developer Day Out’ event. About Developer Day Out. Through our partnerships with some of Australia’s most renowned developers we have had the opportunity to work on some of the most ambitious, luxurious and esteemed developments around Melbourne. Developer Day Out is our way
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The government has announced changes to the planning rules for apartment developments, with a focus on the relationship between new apartment developments and the amenity of existing neighbourhoods. A discussion paper has been prepared which outlines some potential changes and explores five policy aims for new apartment developments, including the need for green space, high
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EQ Towers trial Australia’s first electric car sharing service. Last month, Australian start-up company Ohmie launched Australia’s first residential electric car sharing service in Melbourne’s EQ Tower. The ‘Ohmie Go’ initiative is a partnership between Ohmie, car manufacturer Hyundai and Australia’s leading EV charging company, JET Charge. The model is something JET Charge founder, Tim
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Thinking about Common Property and how it will be used could help you avoid some embarrassing (and costly) mistakes. There are many important factors that go into the design of a new residential building. Developers and Architects will consider things such as the cost of materials, the environmental impact of the build and the health
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