Property Council demands "real policy purpose"
The Property Council of Australia is pushing for city policy to be a priority for the next federal government, noting that the way sectors plan for and invest in Australian cities will have a substantial impact on the future economy and quality of life.
Reno's for Strata properties
Well, one potential downside is that you can’t do as you please when it comes to renovating. You’ll often need to obtain strata approval before you can do any upgrades, as, unlike with a freestanding home, work done in a strata building will have an effect on the neighbouring units. Your kitchen renovation upstairs could create havoc in terms of noise and vibrations for the residents below, or the tile flooring you install could echo loudly in their home – which is why your upgrades will be subject to the regulations of the body corporate and the approval of the owners corporation.
The Tax Man has a warning
In this month’s QS corner - The Tax Man has a warning…