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How Often Should A Sinking Fund Forecast / Maintenace Plan Be Updated?

The frequency of updates for sinking fund forecasts, capital works forecasts or maintenance plans as they are variously referred to, depends to a large extent on the size a complex, its age and overall level of sophistication. Generally speaking, very large complexes of a hundred plus lots will benefit...

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Strata schemes and deferred payment painting contracts, are they good idea?

As quantity surveyors with long involvement in preparing sinking fund forecasts, capital works forecasts and maintenance plans for strata complexes, we are frequently asked to comment on the advantages or otherwise of using deferred payment contracts to fund painting work...

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Should your sinking fund forecast include an allowance for lift replacement?

We are frequently asked, "Why is there a lift allowance in our sinking fund forecast*?". Or sometimes, Can you delete the lift allowance?. These are understandable questions. The allowance is usually among the three most expensive in a forecast....

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Will Airbnb Kill the Caretaking Business Model?

The effect of Uber on the taxi industry is well known. It has been completely disruptive to the point where the values of taxi licenses are decimated and class actions have been taken in retaliation...

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Trending Property Industry News - Mid June 2019

To clear an oversupply of apartments, currently some developers offer extras like paying 12 months of a buyer's mortgage, "bonuses" as high as $50,000...

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What is a Sinking Fund?

A sinking fund is a pool of money set aside for a particular task. Most Australian states have legislation requiring strata unit owners....

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Why Residential Property Investors Need to Understand Maintenance Forecasts

This is a question frequently asked by property owners. It is an important question because there is significant financial risk if you get the answer wrong....

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How Much Should I Insure My House For?

This is a question frequently asked by property owners. It is an important question because there is significant financial risk if you get the answer wrong....

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Where to Find the Best Home & Contents Insurance

We have more than forty years involvement with insurance valuations and the insurance industry, people frequently ask us where they can source the best home and contents insurance for their properties...

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Home Insurance Calculators & Their Risks

There is no shortage of sites advertising access to an online home insurance calculator but are they worth the risk? The risk being that you..

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Leary & Partners Celebrate 40 Years in Business!

We commenced business in Brisbane in 1977. At that time the only professional service the industry required from us as practicing quantity surveyors was replacement valuations. This remains a core skill and...

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What is the Difference Between a Sinking Fund and an Admin Fund?

People who are not familiar with the strata industry frequently ask this question. Most unit owners are aware that they pay levies to the body corporate or owners corporation (usually via the strata manager) but they sometimes do not understand where the money goes....

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