Warning: Be wary of non-compliant 10 year plans

10 year plans are a legislated legal requirement for all strata companies with 10 or more lots, or. a scheme with a building replacement cost of more than $5,000,000.00 in accordance with the Strata Titles (General) Regulations 2019 – Gazette No. 188 (31/12/19) - Section77. It is the strata’s responsibility to ensure the 10 year plan provided meets all the regulation requirements. The best way to ensure the person submitting the 10 year plan proposal to the strata scheme is compliant, is for them to state “The proposed 10-year plan for the site will be in accordance with the Strata Titles (General) Regulations 2019 – Gazette No. 188 (31/12/19) - Section77”. These specific items below are inc

Claremont apartments retain premium value

Analysis of 593 settled apartment sales from January 2017 to April 2020 by property specialists PropertyESP has shown that Claremont continues to maintain its premium price point in comparison to its neighbouring suburbs of Subiaco, Floreat, Jolimont and Shenton Park. Representing 53% of the total sales for that period, Claremont continually demonstrated an $80,000 - $100,000 premium over its neighbouring suburb Subiaco, regardless of apartment size. Furthermore, three bedroom apartments continued to demonstrate their superiority by commanding a 45% premium over two bedroom apartments overall. PropertyESP Director Samantha Reece stated that 50% of all the 3 bedroom 2 bathroom property sales

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