A strata report tells you what you're really buying into - it pays to look past the paint and check the paperwork.
- The admin and capital works funds - healthy, or is a special levy looming?
- Recent and upcoming maintenance - any big-ticket repairs on the horizon?
- Meeting minutes - disputes, by-law breaches or building defects raised by owners.
- Levies and arrears - what you'll pay, and whether other owners are behind.
- By-laws - pets, renovations, parking and short-term letting rules.
A good strata report turns unknowns into a clear picture. If anything looks off, it's far cheaper to find out now than after settlement.