For developers of new strata properties in Australia, securing comprehensive insurance coverage is a critical step in the development process. However, common questions often arise, particularly around the need for detailed construction material breakdowns and percentage allocations. In this article, we address some of the most frequently asked queries and explore key considerations when insuring
The first meeting of an Owners Corporation is a crucial step in the establishment of a well-functioning community of property owners and must be held within 6 months of the registration of the plan of subdivision. This meeting sets the groundwork for the management and administration of common areas including facilities. To ensure transparency, efficiency,
You may have seen some reporting back in March, and again in September, highlighting the unscrupulous practices which can unfortunately exist within the Owners Corporation (OC) management sector. While scrutiny on the sector can at times be uncomfortable and feel as though all Owners Corporation Managers (OCMs) get tarred with the same brush, we at
The Knight team were lucky enough to attend a demonstration with FAMASO last month, the facilities service company which has secured the Australian rights to Norwegian technology KTV Working Drones. Taking place in South Melbourne, the FAMASO team showed us the speed and ease in which a varied building exterior could be cleaned utilising pressurised
IMAGE: Provenance – 890 Toorak Road, Camberwell Planter boxes are now becoming an important design element for brand new developments however the question lies whether to make the location of planter boxes on common property or private property. The following are The Knight’s pros and cons list for the location of the planter boxes. Located
Perfectly positioned with uninterrupted bay views, in walking distance to St Kilda’s bustling restaurant and nightlife strips on Acland & Fitzroy Streets, and with Melbourne landmarks like Luna Park, The Palais and The Espy right outside, Saint Moritz undoubtedly has the resort-like location sorted. But the surrounds pale in comparison to the inclusions. Despite all
Increasingly developers are building properties with sustainability in mind. Properties can be built with energy efficient features like solar panels and recycled water systems. Developers should also consider setting up their owners corporations to ensure sustainability remains a feature in the management and day to day operations. One way this can be achieved is by
More and more, purchasers are waking up to the opportunities afforded to them by strata living. No longer simply a choice of size, or price point, buying an apartment is now a lifestyle choice. Working with developers on a range of projects across Melbourne, we’ve seen this exciting trend emerge and worked with the communities
With more and more Developers turning their minds to the build-to-rent (BTR) model, the question we keep getting asked is, ‘how can you help?’. It might seem obvious that the need to appoint an Owners Corporation Manager (OCM) is removed, given there will either be no Owners Corporation, or an Owners Corporation owned entirely by
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
