Strata managers across Australia share their experiences with flammable cladding

ladminUncategorized

cladding

The results are in from our recent survey we sent to strata managers on flammable cladding in Australia. A big thank you to those that took the time to share their thoughts. Almost half of New South Wales & Queensland strata managers who responded said that almost all their clients had met their cladding registration requirements.  While great to see, there’s still work to be done as one third of respondents said that less than 50% of their properties had registered! Extrapolating from … Read More

‘Loving Strata’ at the SCA QLD Conference

ladminUncategorized

SCA QLD Conference 2019

Lannock Strata Finance recently attended the Strata Community Association Queensland Conference held from 13th – 15th March in the Gold Coast. The Conference was focused on recognising and celebrating the industry’s passion for the strata sector. Lannock was proud to be the Keynote Sponsor for Anh Do’s closing Keynote Session which was well received by attendees. As a Conference Sponsor, Lannock exhibited at the conference and continued to promote the strata personality test by asking strata managers a number of … Read More

2nd Annual Safe Cladding, Buildings and Facade Innovation Summit (Sydney | 27-28 Feb)

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Safe cladding, buildings and facade innovation summit

With the Grenfell cladding inquiry currently underway, there are many lessons for the Australian building and construction sector that can be applied from the UK experience. The 2nd Annual Safe Cladding, Buildings and Facade Innovation Summit will take place in Sydney on 27-28 Feb. As a special offer, save 15% off your ticket for this leading event. Simply use the VIP code LANNOCK-15 when registering to receive the discount. Hear from Roy Wilsher, Chair of the UK National Fire Chiefs … Read More

Strata personalities shine at the SCA NSW Convention

ladminUncategorized

strata_personality

Lannock’s Strata Personality Test launched at the Strata Community Association NSW Convention on October 25th and 26th 2018. Strata managers in attendance were asked a number of light-hearted strata themed questions to ascertain which personality type they most aligned with. Below are some highlights from those that participated in the survey: Strata Champions were the most prolific representing 32% of those surveyed followed by Gurus (25%), Romantics (24%) and Free Spirits (20%) After a particularly difficult general meeting hitting the … Read More

Strata finance available to owners affected by combustible cladding

Paul MortonUncategorized

handshake

Rectification of every strata building in Australia with combustible composite aluminium cladding can be financed immediately without a single owner having to increase their mortgage. Lannock Strata Finance is financing the cladding rectification of Melbourne’s Lacrosse building with an $11 million strata loan and has the funding capacity to lend to other buildings in a similar position. Until the cladding problem is fixed, owners are facing huge decreases in property values and severe discounts for units in buildings which are … Read More

Crunch time for apartment owners as government sets out cladding rules

Paul MortonUncategorized

gavel

Two critical decisions by the NSW Government have given apartment owners the certainty they need to deal with the cladding crisis that has been steadily eroding the value of their properties for the past year. The first win for owners came in April when the government legislated illegal composite aluminium cladding as a major defect, which means it is subject to the extended six-year warranty period under the Home Building Act. The second, announced last month, was banning flammable cladding … Read More

Relief for apartment owners hit by rising strata insurance premiums

Paul MortonUncategorized

modern apartment

Unexpected increases in strata insurance premiums due to risks associated with flammable cladding has left many apartment owners struggling to meet price hikes and at risk of having their insurance cover cancelled for late payment. To help owners caught out by unexpected premium increases, Lannock has released a tailored strata version of Insurance Premium Funding, an unsecured loan to a body corporate which allows owners to spread the cost of the premium over 12 months. The fixed interest loan imposes … Read More