What is the new 10-year Capital Works Fund Plan requirement?

It is a mandatory long-term maintenance and expenditure forecast prepared in a standardised format, helping owners corporations plan future works more consistently.

What does Independent Surveyor certification mean?

It provides independent oversight of building condition and compliance matters for relevant multi-storey buildings, offering owners and buyers greater transparency around potential risks.

What is an Initial Maintenance Schedule?

An Initial Maintenance Schedule is a maintenance roadmap supplied by a developer that outlines servicing requirements, inspection schedules and upkeep obligations for key building systems and common property.

Why do the April 2026 reforms matter in Surry Hills and Redfern?

Both suburbs contain a significant volume of strata housing, a mix of building ages and strong buyer demand linked to transport connectivity, making building management standards particularly important.

Do these reforms affect apartment values?

They can. Well-managed buildings with clear maintenance planning and strong documentation are often more attractive to buyers, lenders and tenants.

Should investors avoid buildings with low levies?

Not necessarily. However, low levies without adequate capital planning may indicate future maintenance funding issues.

Why does strata management matter more near stations?

Apartments close to major transport infrastructure often attract stronger buyer interest, which increases scrutiny of building management, maintenance history and compliance standards.

April 2026 NSW Strata Reforms: A Practical Guide for Owners and Investors in Surry Hills (2010) and Redfern (2016)

Learn how the April 2026 NSW strata reforms affect apartment owners and investors in Surry Hills and Redfern.