The service is free if the savings identified are below $1,000. Strata Savers charges a flat 13.2% of the total savings identified, which includes GST. The minimum charge is $220.

Here is a list of items to provide from your Owners Corporation: – Statement of financial performance and financial position – Current insurance policy The more information you can provide, the better Strata Savers can help you save. These items are also useful, but are not required: – The last annual general meeting (AGM) minutes – Contract of appointment We may request additional documents if any items are disproportionately large.

We are currently providing this service for strata-titled properties in the Melbourne metropolitan region and the Mornington Peninsula.

All these terms refer to strata-titled properties, but different states use different terms. Despite the variations in name, they all represent legal entities that own and manage the common property within a building. The Owners Corporation manager (also known as a strata manager) is responsible for overseeing the common property and shared facilities of the building.

We are 100% independent. We also don't manage any buildings.

No, we don’t receive commissions from third parties or insurance providers. We aim to maximise your savings and secure the most competitive quote for your building.

No, you can keep your existing strata manager. However, if you wish to change your strata manager, we provide a free service to help you switch to a different provider.

We review your Owners Corporation financials to identify savings, minimise your strata costs, and maximise the value you receive for your body corporate fees. We check whether your supplier costs, such as essential services, insurance and strata management fees, are competitive. We can provide supplier quotes at more competitive rates if these fees are too large. We never advise you to cut costs on essential maintenance or upkeep, only the bloat in your fees. If your body corporate fees are unreasonably high, we can help you switch to the strata manager best suited to your property’s needs and circumstances.

No, we don’t manage any buildings.

In Victoria, this decision can be passed in an ordinary resolution, which requires 50% of the owner’s votes to be in favour at a general meeting or ballot. Alternatively, the Owners Corporation committee can change the strata manager with a majority vote. Once the majority of the owners or Owners Corporation committee are in agreement to change their strata management company, the process of switching to a new strata manager can begin. However, depending on how the agreement with your existing strata company was structured, the process might not be straightforward.

In Victoria, Owners Corporations with 10 lots or more must elect an Owners Corporation Committee at each annual general meeting. Owners Corporations with fewer than 10 lots may choose to elect an Owners Corporation Committee. The Owners Corporation Committee makes decisions on behalf of the Owners Corporation. Typically, the Committee will decide who to appoint as the strata management company or strata manager.

Strata Savers will only recommend strata management companies with positive reputations within the strata management community that don’t use specific contract clauses to maximise your savings. The Owners Corporation Committee is under no obligation to change strata management companies or use our recommendations.