Lannock to manage NSW cladding loans
The NSW Government has appointed long-time Flat Chat supporter Lannock Strata Finance to manage the state’s Project Remediate interest-free loans, intended to help owners corporations with the cost of rectifying…
loan
Podcast 94: Tax shock and giving loans some credit
It’s a bit of a Budget special on Flat Chat this week, if only because we are talking about money. Specifically we are discussing the personal taxes that you probably…
Loan or levies – why can’t we use both when finances are forced?
While 2020 is likely to snare yet more strata owners in the must-pay trap of defects rectifications, there is a giant hole in most states’ strata laws that make it…
Bondi Beach renewal sets benchmark for old blocks
A dilapidated 1930s three-storey apartment building in Sydney where unused space is being converted into extra units, and balconies are being added, is forging the future for over 100,000…
Flat Chat Wrap #29 – the great Mascot Tower giveaway … and what it means about cladding
Confronted by images of residents of Mascot Tower evacuating the building, the NSW government has moved relatively swiftlly to plug the accommodation gap with a loan to the Owners Corporation…
Strata lender set to finance cladding fixes
Australia’s leading strata loan company has offered to lend the money to allow every strata building in Australia to go ahead with removal and replacement of flammable cladding,m regardless of…
Lacrosse owners take out $11m loan to replace cladding
Owners at Melbourne’s Lacrosse building have taken out an $11 million loan with strata finance providers Lannock to cover replacing the building’s combustible cladding after the fire at the residential tower in the city’s…
New laws on strata levies and capital works
The new NSW strata legislation requires owners to ‘actively consider’ how they want their future maintenance and capital works to be funded. Flat Chat sponsors Lannock Finance explain why setting…
New hope for old strata schemes
Can we build some granny flats at the back of our apartment block? It’s a valid question from one of our Flatchatters that will become much more pertinent at the…
Why your sinking fund costs you money
It used to be that, if you hadn’t squirreled away sufficient cash in your sinking fund, special levies were the only way of raising finance for big projects. But Lannock…