This week on the Everything Property podcast with your host David Hamilton, we're joined by strata expert Susan Hancock to discuss and breakdown all things related to strata, body corps, capital works and all things in-between.
During this episode, we cover off the following:
- What buildings require strata
- How a body corp and a strata committee works
- How important voting and attendance is at body corp meetings
- Capital works (sinking funds) and how they are calculated
- Administration funds and how they are calculated
- How to check the building you're buying into has been managed correctly
- Red and green flags to look out for
- How special levies are created and what contributes to them
- How strata rates are calculated and what contributes to them
- Plus so much more (I really learnt alot from this one!)
Don't forget to check out the summary post on our Instagram.
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Disclaimer: This episode is not financial advice and this episode was not sponsored or endorsed by the owners and authors of the book.
