Strata personalities shine at the SCA NSW Convention



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


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


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

Strata Community Association NSW Silver Sponsors Whisky & Champagne Tasting – September 20th



Do you enjoy a drink out with your industry peers while getting the opportunity to taste a vare Join us for the inaugural Strata Community Association NSW Silver Sponsors Whisky & Champagne Tasting on September 20th which we’re proud to sponsor. Date: Thursday, 20th September Time: 6.30pm – 8.30pm Location: QT Hotel Sydney – George Room, 49 Market Street, Sydney, NSW, 2000 Register for the Strata Community Association NSW Silver Sponsors Whisky & Champagne Tasting. We hope to see you … 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

Getting Smart About the Economics of Strata Schemes



Paul Morton, founder and CEO of Lannock Strata Finance, recently contributed to the autumn 2018 issue of Inside Strata magazine on ‘Getting smart about the economics of strata schemes‘. You can view the full article at Inside Strata or read the article text below. In the olden days: there were Sinking Funds and Special Levies. And in the olden days, it was simple, owners disliked both sinking funds and special levies – it didn’t matter whether it was a small … Read More

Canberra hosts Building Defects and Cladding in Strata Forum

Paul MortonUncategorized


The Building Defects & Cladding in Strata Forum was held on May 16th in Canberra at the Hyatt Hotel. With over 60 stakeholders in attendance including strata managers, owners and industry suppliers, the event was a great success. Featuring a leading panel of industry experts including Erik Adriaanse (SCA National), Rob Craven (SCA ACT), Colin Grace (Grace Lawyers), Rod Tancred (Body Corporate Brokers) Craig Simmons (Access Canberra), Peter Berney (Solutions in Engineering) and Andrew Brennan (Omnii), audience members were given … Read More