36 speakers, 11 nations , 5 continents discussing research on #condominium #strata #leasehold issues - dominant themes - ageing building renewals, reserve fund inadequacy, #condos as vechiles for social democracy, accessibility for disabled and ageing residents, smart buildings

Leasehold is in its death throes. Stories like this one, of leaseholders publicly blowing the whistle against what they see as predatory behaviour by unaccountable entities controlling their homes, will run and run and run. Until a government has the courage to end leasehold.

Less than 48 hours of wash up and hope is dwindling for the leaseholders reform bill to be passed before the general election. Best of luck to my UK friends who have tried so hard to rid the books of the draconian leasehold laws.

Looks like miracles do happen - congratulations to all involved

The Au bond scheme martinboyd has been supplemented by 10 yr defect insurance - cheaper and more popular. Confidence is being restored based on this, an independent developer rating service, and more interventionist regulatory approach during construction.

Point taken Dan Bruce getting a policy provider only came with a lot of hard work by our Building Commissioner and some radical law reform that is working well to improve burning standards and safety.

Here’s a pithy summary of my 45,000 words on mixed use developments by ⁦GOSTRATA Media⁩ open.substack.com/pub/gostrata/p…

There is much about #strata management to discuss at present. At this event for REINSW I will be talking about turning the current turmoil into profit and professionalism

Here’s hoping

Long settled law in NSW that the statutory duty of the strata to repair and maintain includes fixing builder developer defects made before the strata was created - Sewias case

The first issue of The Strata Professional drops tomorrow. It’s about #strata #ProfessionalGrowth it’s free and applies worldwide to #condo and #block management. Subscribe here michaelteys.com/subscribe

I’ve never claimed strata is utopia but it has a lot to offer owners , managers and developers and works pretty well worldwide

In a first of its kind decision a #strata manager has had his license taken away for 10 years. This comes as strata management practices in Au comes under scrutiny for charging practices (although this case seems based on other issues). More to come. abc.net.au/news/2024-07-2…

10-year ban for strata manager for statutory breaches | Michael Teys michaelteys.com/article/10-yea…

Prof Cathy Sherry speaking arguing #strata management needs to return to transparent fee for service also against and long term developer contracts - management rights in Qld is ‘weird’ and embedded networks means owners are paying twice for infrastructure

Feeling sorry for staff NAB Double Bay. Chronically understaffed in the branch. Where’s the duty of care to your employees BigBank ?

Robed up at graduation last night for my Master of Philosophy (Built Environment) for thesis on urban renewal of mixed-use developments. Thanks to supervisors Prof Simon Pinnegar and Dr Laura Crommelin #UNSW #cityfuturesunsw

Michael Teys lives out the old How do you eat an Elephant? joke in last week’s @ElephantintheRoom podcast by addressing each challenge #stratatitle management stakeholders are facing in 2024 gostrata.substack.com/p/michael-meet…

In Australia this is true -under reporting / testing for #combustible #cladding is remains rife. Builders not being held accountable for repairs. #Strata owners ignoring occupiers liability risk. Regulators under resourced to enforce compliance.

Appropriate today as we brace for investigative story on the Four Corners Monday night which will probe conflicts of interest of #developers and #strata managers in Australia