Australian Strata Review

Strata Due Diligence
Done in 30 Minutes

Upload your strata, owners corporation, or body corporate records and receive a full analysis within 30 minutes. Sinking fund health, special levy risk, by-law restrictions, water damage history, and a prioritised list of red flags — in a shareable report.

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Strata Terminology by State
NSW & ACT: Strata scheme, owners corporation, strata levies, sinking fund
VIC: Owners corporation, maintenance plan, general fund, maintenance fund
QLD: Body corporate, community management statement, sinking fund, administrative fund
WA: Strata company, reserve fund, administrative fund, scheme by-laws
SA: Strata corporation, administrative fund, sinking fund
TAS, NT: Body corporate, sinking fund, administrative levy

Different names, same documents. Our analysis covers all Australian states and territories.

What Australian Buyers Need to Know

Australia has one of the largest strata sectors in the world — over 316,000 strata schemes nationally, with Sydney and Melbourne among the densest strata cities globally. Yet most buyers rely solely on a building and pest inspection that tells them nothing about the financial health of the strata corporation they're joining.

The sinking fund forecast (or maintenance fund / capital works fund) is the single most important document to review. It projects how much money is needed over 10 years for major building works — and whether current contributions will cover it. A strata with a sinking fund at 20% of the required balance is headed for a special levy.

The AGM and committee meeting minutes reveal what the sinking fund forecast doesn't: water leaks, ongoing disputes, deferred maintenance decisions, and relationships with contractors. We read every page.

What Documents We Analyse

Sinking Fund / Capital Works Forecast
10-year capital plan. We assess funding ratio and flag shortfalls that signal a special levy risk.
AGM & Committee Minutes (2+ Years)
We surface water incidents, defect disputes, deferred maintenance, and major decisions.
Financial Statements
Administrative and sinking fund balances, levy history, budget performance.
By-Laws / Rules
Pet restrictions, short-term rental rules (Airbnb), renovation approvals, parking, and noise.
Section 184 / Strata Information Certificate
Current levies, arrears, outstanding notices, and known defects for the specific lot.

What's in Your Report

Every Australian strata report covers the same comprehensive checklist

🚩
Risk Rating
HIGH / MEDIUM / LOW with full explanation
💰
Sinking Fund Health
Funding ratio, contribution trend, special levy risk
⚖️
Litigation & Defects
Active legal proceedings and known building defects
⚠️
Special Levies
Active, pending, and historical special levies
💧
Water & Defect History
Water damage incidents, ongoing defects, builder disputes
🅿️
Lot Entitlements
Car space, storage cage, and exclusive use areas

Ready to Review Your Strata Records?

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Australian Strata — Common Questions

What is a sinking fund forecast and why does it matter?
A sinking fund forecast (called a capital works fund forecast in NSW) is a 10-year projection of the major capital expenditures a strata scheme will face — roofs, lifts, common area renovations, waterproofing — and how much the sinking fund needs to accumulate to cover them. If the forecast shows the fund is significantly underfunded, a special levy is almost certain. This is the first document we analyse.
What is a special levy in Australian strata?
A special levy (also called a special contribution) is an additional charge raised by the owners corporation or body corporate when a major expense arises that the sinking fund cannot cover. They can range from a few thousand dollars to $50,000+ per lot for major works like cladding rectification, lift replacement, or structural repairs. We flag any active or pending special levies and assess the risk of future levies based on the sinking fund balance.
Can Australian strata schemes restrict Airbnb?
It depends on the state. In NSW, the Strata Schemes Management Act allows by-laws restricting short-term rental if the lot is not the owner's principal place of residence. In QLD, body corporates can pass by-laws restricting short-term letting. In VIC and WA, the rules differ. We flag any by-laws that restrict short-term or long-term rentals in our analysis.

Don't Rely on the Building Inspection Alone

A strata report takes 30 minutes. A surprise special levy takes years to recover from.

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