Owners Corporations in Victoria
Victoria (VIC) – Owners Corporations & Strata Management
Victoria is Australia's 'garden state' offering a wide variety of climates and a diversity of culture. Melbourne is voted one of the most liveable cities in the world. Victoria has more than 65,000 strata properties on title representing well over half a million units. With constant high demand for housing and inner-city living, Melbourne is forecasted to continue strong growth in the strata property sector.
Victorian body corporate terminology may differ from other states. Owners Corporation Managers usually manage the common property of the Owners Corporation, as detailed in the Plan of Subdivision, with the help of a Committee.
When buying and selling property, the vendor disclosure document for the Owners Corporation is the Owners Corporation Certificate, which will be in the Vendor's Statement (Section 32).
The legislation affecting owners corporations in Victoria are the Owners Corporations Act 2006, Subdivision Act 1988, Owners Corporations Regulations 2007, Subdivision (Permit and Certification Fees) Regulations 2000, Subdivision (Procedures) Regulations 2000, and Subdivision (Registrar's Fees) Regulations 2004.
The Victorian dispute resolution body is the Victorian Civil and Administrative Tribunal (VCAT).
Ace Body Corporate Management has been a member of the state institute, Owners Corporation Victoria (OCV), since 1998. Membership with OCV is compulsory for all ACE Victorian managers and many ACE managers have the title, Certified Practising Strata Manager (CPSM).
For more information on owners corporations, please browse the links in the side menu, including 'Strata Links' where you can download the relevant legislation and associated acts as well as visit helpful sites such as www.ocv.org.au
For a management quote or property enquiry, please use our 'Contact Us' link in the side-menu to search for your specific ACE manager or to find an Owners Corporation manager for your area.