Hi All,
Anyone got any tips on how best to interpret strata reports? I.e. What to look out for?
More specifically, I'm just wondering if anyone has a useful formula for calculating a health check of a sinking fund relative to the number of units in a development and the properties age?
All previous unit purchases have been in relatively small developments, so easier to asses but my newest purchase is in a large 8 year old development (200 units).
Any thoughts gratefully received
Noodle
Anyone got any tips on how best to interpret strata reports? I.e. What to look out for?
More specifically, I'm just wondering if anyone has a useful formula for calculating a health check of a sinking fund relative to the number of units in a development and the properties age?
All previous unit purchases have been in relatively small developments, so easier to asses but my newest purchase is in a large 8 year old development (200 units).
Any thoughts gratefully received
Noodle