Strata Asset Systems

We’ve just rolled out another budgeting update in WOLF. Real time revision of costings for the replacement of items on your asset registers.

For those subscribers with the ‘Pro’ versions, they will notice changes to their sinking fund forecasts that can then be presented to their AGMs.

Reach out if you needed help outlining the process to your owners or OC committee.

That’s what we’re here for.




WOLF - Whole of Life Forecasting

Some great insights here with this paper. In some instances, there is a conscious ignorance of ‘not wanting to know’ while others haven’t yet considered their liabilities of not maintaining their assets.

We are able to carry out these inspections to identify the current state of your assets, and with our “WOLF” software create your maintenance plans.

These plans include the creation of the budgets needed, using some innovative methods to minimise your risk from the lack of funding.

Reach out for more information.

www.assetsystems.com.au

DEFECTS IN STRATA PROPERTIES AND THEIR IMPACT ON INSURANCE: Building defects are a common issue in both new and existing buildings across Australia, especially as the demand for strata properties is growing and currently outweighs the supply. Approximately 75 to 851 per cent of strata buildings are estimated to have at least one form of known defect. If defects are left unaddressed, they can have a significant impact on the strata insurance policy, to the premium and excesses.
READ the full article by CHU Underwriting Agencies here: https://inside.strata.community/defects-in-strata-properties-and-their-impact-on-insurance/

Great initiatives to support strata owners. Improved forecasting and planning of expenditure makes sense. It also provides evidence of what and how much should be saved for your sinking funds.

Call to find out how

1800 97 95 58

MEDIA RELEASE - Federal Budget 2023-24 highlights the importance of strata to achieve Federal Government’s Agenda.

Last nights delivered significant victories for the industry in Australia.

SCA National President Chris Duggan was encouraged to see the Federal Government implement supportive measures to ease the cost-of-living pressures impacting households, along with some promising considerations for the strata sector.

“There are several funding initiatives in the resilience and preparedness space, as well as in urban policy and housing and homelessness that provide a great opportunity to launch strata-living onto a federal agenda, and we’re engaging proactively across each of these strategies,” he said.

Read today's full media release:https://www.strata.community/_files/ugd/276112_573257a7395a4315a9bb15a5d6f333a8.pdf