Experience

Terrace Strata - Real Estate, Consultancy, Strata Management

• Director

  • May 2022 - Present

  Terrace is Tasmania's first strata specialist real estate agency, consultancy and management company. It was established to provide much needed guidance and advice throughout the life cycle of a strata scheme, from conception through to occupancy. We consult to property developers, architects, land surveyors and other professionals working in and around the construction industry to help navigate the complex world of strata. We are setting new benchmarks in the strata industry by sharing our technical knowledge and experience to make every strata scheme the best it can be, which has a significant impact on the yield of land, ROI and on purchasers’ lives. Terrace is also a real estate agency specialising in the marketing, sales and property management of strata titled units. We don't just sell bricks and mortar, we sell the many benefits of strata living when it’s done well: community, connectedness, security and a shared load. Real estate agents play an important role in determining the value and saleability of strata units, so its critically important that your agent can simplify and explain the technicalities and operations of strata to your buyers to give them the confidence and desire to put their best offer forward. When it comes to property management, an understanding of strata and strata living is also critical to getting the right tenants. As strata managers, we frequently see this go wrong and witness the emotional and financial distress of the resultant disputes. The decisions made by developers of strata schemes have far reaching and often devastating consequences. Our goal is to bring a holistic approach to development of strata. We collaborate with all professionals working on a strata scheme so that each person has a better understanding of how their decisions will work on the ground and impact on people's lives. Show less



Strata Community Association (TAS)

• President

  • Dec 2020 - Present

  My goal as president of the SCA (Tas) is to raise awareness about strata and improve the standard. In Tasmania, there are approximately 10,000 strata schemes with approximately 40,000 owners. It is estimated that of these, 90% are inactive. In my experience, there are many owners who were never made aware that they were buying into a strata schemed or becoming a member of a body corporate. When units are built to be sold, they are part of a strata scheme. When a strata plan is registered, a body corporate is automatically created and each owner is automatically a member - its not optional. Bodies corporate and owners have obligations under the Strata Titles Act 1998. Chief amongst these is the obligation to insure the entire site (all buildings, driveways, fencing, service infrastructure and other improvements) for the full reinstatement value (the cost to rebuild). We find that many units are insured incorrectly on separate house and contents policies, and that they are insured for market value instead of the cost to rebuild. The biggest problem with this is that the body corporate is uninsured, and that there are a number of companies that offer home and contents insurance to owners of units but their policies specifically exclude strata or the common property. If you're a professional working with developers or owners of strata, I urge you to direct them to a strata professional for guidance and advice. Show less