Is Airbnb Destroying Strata Living? (Australia)

In Victoria, the Supreme Court handed down a decision on July 22 declaring that neither subdivision law nor strata legislation enabled owners corporations in that state to make rules which prevent owners of individual apartments from leasing out their apartments on a short-term basis. A bylaw implemented in 2004 by the owners corporation at the Watergate apartment complex in Melbourne’s Docklands apartment precinct which attempted to ban stays of less than 30 days in duration was thus invalid, Riordan ruled.     Read the article………….


Related Articles

Investing and HOAs

Investments come in many shapes and forms. One investment class that I obviously like is residential real estate. But even

Where Boards Can Finds Funds for Rebuilding After a Catastrophe

You’ve seen the headlines, and they’re grossly, irresponsibly inaccurate: “Condos and Co-ops Not Covered Under FEMA.” Co-op shareholders and condo

Tips for preparing next year’s association budget

For most community associations, cooler weather signals the start of budget season. It’s the time of year when boards and