Friends With Money #113: The problem with strata

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As the population grows, more Australians are living in strata-titled properties like units and townhouses than ever before. But what do buyers need to know about strata before purchasing?

This week on the Friends With Money podcast, Money's senior journalist Tom Watson is joined by strata lawyer Amanda Farmer to delve into the ins and outs of strata. They discuss:

  • What is the strata ownership model?
  • What kind of costs can buyers expect?
  • How should renovations be approached?
  • Can litigation really happen?
  • How can buyers best prepare themselves?

friends with money podcast 113 the problem with strata

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney.

Amanda Farmer is a lawyer and the owner of Lawyers Chambers, a strata-focused legal practice in Sydney. She is also the host of the long-running podcast Your Strata Property, the world's only podcast dedicated to explaining the legal complexities of strata-titled properties. With more than 20 years of experience in the strata legal sector, Amanda is both a Fellow and Council Member of the Australian College of Strata Lawyers. She is also the founder of Women in Strata, a networking group for women working in strata management. Amanda holds a Bachelor of Laws/Bachelor of Arts (First Class Honours) from the University of Sydney.