Strata schemes

Living in a strata scheme means:

  • you own your unit or apartment as well as sharing ownership and responsibility for common property
  • if you own your unit, you are automatically a member of the owners corporation which has responsibility for common property and makes key decisions affecting the strata scheme
  • you contribute to the cost of running the building through paying quarterly levies
  • you also have to pay money into a capital works fund, for future long term expenses such as painting the building or replacing guttering
  • there will be lifestyle restrictions in a strata scheme.

Some of the key strata topics are:

Living in a strata scheme has a lot of benefits, view or download our strata living guide (PDF, 1338.81 KB) for more information.

 
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