Category Archives: Strata

Affordable units keep outperforming houses

Over the past 12 months unit values have increased by 0.1% across the combined capital cities compared to a value fall of -2.0% for houses. In fact, unit values have increased at a rate faster than house values for most of the past five years as home buyers search for more affordable housing options.

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According to the RP Data-Rismark Home Value Index, unit values across the combined capital cities have increased at an average annual rate of 6.3% over the past five years compared to growth of 5.7% for houses. More recently, the 12 months to April 2011 have seen unit values increase by 0.1% while house values have fallen by -2.0%.

Thanks to RP Data for this Article.

Netstrata support the Cancer Council

Netstrata took part in Australia’s largest morning tea this morning raising money for the Cancer Council. There were a few red eyes this morning as some of the team stayed up late baking, fantastic effort by all. Australia’s Largest Morning tea is aiming to raise $11 million for cancer research & patient support. www.biggestmorningtea.com.au.

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Netstrata VS Masterchef

The Netstrata Social Club Committee (inspired by the Masterchef phenomena) arranged a cook-off dubbed “Cooking up a Storm” last Friday evening. The event involved the creation of 2 teams (red & blue) and the challenge was  to prepare and present a restaurant quality 3 course meal. The event was a great opportunity to get together for a team building event which included a few calories and create something from scratch.. The night was a huge success and thanks to all involved. Check out some of the photos below.

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Not only excellence in strata management but in Culinary Masterpieces…

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Come in and feel the noise: landlords to pay for rowdy tenants

Photocopies sticky-taped to city lamp posts offering dirt-cheap, shared-room rentals in luxury apartments could soon be a thing of the past after a landmark court ruling.

Previously, landlords who crammed partying backpackers and students into houses and apartments could ignore complaints about noise, passing them back to tenants who changed so often no one could be held responsible. But in a game-changing move, a noise-abatement order has been served on the owners, rather than their tenants, of a Double Bay apartment. The downstairs neighbours had complained for years of noise and disturbance.

Anyone breaching a noise-abatement order can face fines of up to $5500 as well as charges of contempt of court that could lead to jail terms.

For Jean Whittlam, 71, and her son Anthony, 41, the noise-abatement order marks the end of a five-year battle with the owners of the apartment above their flat in New South Head Road, Double Bay.

“We’ve been told this is the first time anything like this has ever happened,” said Mr Whittlam, who said the upstairs flat had been run as a backpacker flophouse. “It’s great… It gives all of us hope.”

Landlords John and Sarah Hanna, who own more than 100 properties in the eastern suburbs, denied the allegation.

“It’s an insult to call the tenants of this flat backpackers,” Mrs Hanna, 76, said. “They were educated people from good families who just happened to be English and Irish.”

However, Jean Whittlam claimed in court that the Hannas’ tenants were often shouting and singing at night, slamming doors, playing soccer at 2am, swearing, partying and playing loud music.

The Hannas’ lawyer disputed that the owners could limit the noise because they did not live in the apartment, but the magistrate, Harriet Grahame, ruled they were responsible because they could control who they leased the apartment to, for how long and, if necessary, make physical changes to the property to decrease noise.

Colin Grace, of Grace Lawyers, whose firm represented the Whittlams, said this was a landmark decision. “It means if a landlord has been told about a problem with their tenants but does nothing about it they effectively ‘adopt’ the problem and are responsible for it.”

Recent changes in the tenancy laws allowing landlords to demand written consent before tenants can sublet mean owners have even less excuse for not knowing who lives in a property.

SMH 7th May 2011

Major building refurbishment

Netstrata tackle a major building refurbishment for one of Southern Sydney’s largest strata schemes, this has included the removal and repair of dummy render and a complete repainting of the exterior building facades.

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Netstrata’s Danielle Brell is managing the process in conjunction with building consultant Ian Thompson from Essential Facilities Management. The project at this stage is running 2 months ahead of schedule which is a fantastic result. If your strata scheme is looking for a strata management service that could assist you with a similar project we would be happy to assist.

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DeStress Initiative at Netstrata

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DeStressing the team!

Whilst the Strata Management industry is a very rewarding one, at times it can also be an exceptionally busy and stressful sector to be involved in. Strata managers deal day in and day out with challenges faced to buildings and  the people living in them.

Netstrata is very aware of the pressures of the strata management sector and strives to develop an environment that not only attracts the best team members but also retains them. Netstrata boasts one of the highest staff retention rates within the industry, whilst many of our strata managers are shareholders of the company we also have regular social activities and have just commenced a yoga DeStress initiative, with yoga classes being made available during lunchtime.

The feedback has been fantastic with the team learning how to better deal with stress and helping to develop techniques to unwind and be able to refocus.

“When a gifted team dedicates itself to unselfish trust and combines instinct with boldness and effort, it is ready to climb.”

Patanjali Yoga Sutra

Netstrata appointed to 60-68 City Road

Netstrata are proud to announce that they have recently won the tender for the strata management of 60-68 City Road, Chippendale located opposite Sydney University.

The scheme is about to commence major capital works and Netstrata looks forward to working with the committee to ensure that the works are undertaken as effectively as possible. The scheme will be managed by Mr Stephen Ong being involved with the strata management industry for many years and also being a building engineer.

Contact us  today for other strata management opportunities in Sydney.

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Netstrata appointed to The Point at Pyrmont

Netstrata are proud to announce that they were appointed to the prestigious Australand development The Point in Pyrmont last night.

The owners corporation are looking at undertaking extensive capitol works and wished to partner with a strata manager company that could add some value to the process. Senior Strata Manager Danielle Free who will be the appointed managing agent said “I am looking forward to working with the owners at The Point in helping them deliver some fantastic objectives that they have in plan for the strata scheme”.

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