Strata Sinking Funds: Why They're Important & How Quantum Strata Can Assist
Managing a Sydney strata scheme is more than setting up meetings or receiving levies; it's about long-term vision, financial security, and preserving the investment of each owner in the scheme. Perhaps one of the most critical components of successful strata management is having a healthy sinking fund. So, what is a strata sinking fund , and how can Quantum Strata assist your building with compliance and staying financially secure? In this blog, we’ll break down the importance of sinking funds, the role of Quantum Strata, and answer common questions like: how much money should be in a strata sinking fund and what is included in strata sinking fund reports. What Is a Strata Sinking Fund? A strata sinking fund (a capital works fund in other states) is a fund that a strata scheme sets up to fund large capital expenditure over the years. It includes repairs, replacements, or upgrades of common property such as lifts, roofs, car parks, windows, and ot...