Strata Report

Did you know there are around 110,000 strata schemes in New South Wales? Did you also know that, by 2040, around 50% of Greater Sydney residents will live in buildings with strata schemes? 

[Source: https://www.nsw.gov.au/housing-and-construction/strata/buying-a-strata-property] 

When looking to buy or invest in a strata property, it is important to obtain and review a strata report. This report is based on a physical, visual inspection of the apartment dwelling area, including any parking spaces on the title. Purchasers should also obtain a strata records inspection report that details the ‘goings-on’ (minutes) of the strata scheme’s annual general meetings and can shed light on the condition and circumstances of the strata property.

In short, it gives buyers/investors a clear picture of the property they’re buying into. It also seeks to highlight any underlying risks, such as upcoming special levies, maintenance issues, or past/ongoing disputes, helping you make an informed and confident decision.

Looking to invest in a strata scheme? Get your strata inspection report today to gain confidence in your investment. Call 1300 131 270 or complete our online contact form to schedule an inspection.

What is a Strata Records Report? 

A Strata Records Report is a retrospective review of your Owners’ Corporation records. It details the previous 5 years of financial and management information about a property under the Strata Title. The goal of a Strata Records Report is to give the buyer insight into the current status of the condition of the building.

Key things to look out for in a strata report include: 

• The financial health of the property, i.e., Capital Works Funds (CWF), any programmed special levies, outstanding debts, and more.
• Management and governance rules, i.e., restrictions on pets, renovations, rentals, or common area use, insurance coverage, management structure, and more. 
• Maintenance and condition, i.e., structural issues, leaks, roofing problems, or ageing facilities, planned repairs, and more. 
• Legal issues, i.e., any ongoing disputes and compliance with safety, building codes, and fire regulations. 
• Strata history and demographics, i.e., owner and tenant occupancy, previous special levies, and major repairs. 
• Other considerations, i.e., by-law enforcement, noise/nuisance levels, and future developments nearby. 

When You May Need a Strata Report?

Our strata reports are available for anyone looking to buy or invest in strata properties. These reports provide detailed information and insights into a property’s condition and legal compliance, helping you make informed decisions. 

A pre-purchase strata unit inspection is generally considered essential before buying commercial or residential strata lots to assess condition, including habitability, defects and likely current maintenance requirements. It is performed in accordance with the provisions of AS4349.

A Strata Records Report helps potential Owners/Investors review capital work funds, upcoming levies, and major repairs that could affect the insurability of the building.

Additionally, during the property search process, Tyrrells Strata Inspection Reports provide a thorough inspection of the physical Lot area on title, including the Lot interior, parking and any courtyard, balconies or terraces on title. This detailed information helps buyers make informed decisions and avoid unexpected complications.

Taken together, the Strata Records Report and the Strata Inspection Report help identify potential risks associated with the building’s condition, disputes, or major works that could impact property value, insurance status or special levies. 

By highlighting these factors, purchasers can take proactive steps to protect their investment.

Industries & Project Types We Cover

Our strata report services, backed by over 40+ years of expertise, cover strata properties across retail, commercial, industrial and residential sectors.

Key industries we cover include: 

• Commercial strata properties
• Residential strata schemes

Key project types include: 

• Pre-purchase strata inspections and technical assessments
• Strata defect reports and maintenance planning
• Capital works fund reviews and fire safety evaluations
• Risk assessments for strata investments

Case Studies & Client Outcomes

Keen to learn more about how our strata reports have helped clients identify risks and make confident, well-informed investment decisions? Explore our case studies and client testimonials below. They stand as a testament to our expertise.  

Coverage Areas 

We primarily serve New South Wales (NSW), Greater Sydney regions, The Hunter, NSW Riverina and the southern highlands and Australian Capital Territory (ACT), providing professional inspections and reports across key regions.

Main Coverage Areas:

• • Sydney
  • Blue Mountains 
  • Northern Rivers 
  • Wollongong 
  • Central Coast
  • Newcastle
  • Canberra (ACT)

• …and all surrounding areas

Don’t see your suburb listed? Do not hesitate to contact us, and we might still be able to come to you. 

We conduct inspections statewide for residential, commercial, and strata properties, with flexible scheduling to suit your needs. Call us on 1300 131 270 to arrange your inspection today.

Request a Strata Report Today

Our experienced building inspectors deliver independent Strata Reports that clarify property conditions and assess maintenance needs. With clear breakdowns and recommendations, we help strata owners and buyers make informed decisions efficiently, protecting your investment interests before issues escalate.

Call us on 1300 131 270 or fill out the contact form on our website to schedule an inspection time that suits you. 

FAQs

Is a strata report mandatory?

No, a strata report is not legally mandatory, but it is strongly recommended when buying a strata-titled property.

How long does a strata report take?

At Tyrrells, strata reports typically take 5–10 working days to complete post inspection. For selected cases, they can be expedited. Timelines may vary based on access to records and inspection complexity.

Can strata reports be used in legal or tribunal matters?

Yes. Strata reports can support legal and tribunal matters in Australia. However, they are not automatically admissible as expert evidence. Lawyers often review them to help in building cases in tribunals like NCAT. 

Can your services assist with property purchases or leases?

Yes, our services assist with property purchases and leases through our building inspections, commercial due diligence reports, fire safety reports, and more. For a full listing of our services, click here. 

Do you review levies, budgets, and sinking funds?

Yes, our strata reports routinely review levies, budgets, and sinking funds. These reveal important details on ongoing fees, special levies, fund balances, debts, and planned repairs, helping buyers/investors spot risks or upcoming costs. 

Can your services assist with property investment decisions?

Yes, our services assist with property investment decisions through pre-purchase inspections, strata reports, due diligence assessments, and technical reports that effectively evaluate costs, risks, and overall building performance. 

Do you provide advice on bylaws and disputes?

Yes. We provide reports that summarise bylaws alongside any noted disputes or legal action from owner corporation records.