PROJECT BACKGROUND
Reports on the records of strata complexes for prospective buyers began in 1961 when the first strata legislation was enacted in New South Wales, and indeed the world.
The aim of the reports has not changed to this day. It is to provide buyers with the necessary information to enable them to reach an informed opinion as to any risks and their consequences relating to the unit they wish to buy, and the complex in which it is located.
Unfortunately, as outlined in this linked article, because of the modern-day complexities of strata legislation and management practices, and cost issues associated with legal and conveyancing fees, the reports no longer fulfill this aim.
Project Metropolis is about providing buyers with this information through risk assessment strata reports. Those reports are based on a national award-winning system of strata reporting. That system uses trained strata inspectors working with accredited specialists to provide buyers with the necessary information they need to form an opinion as to whether to buy.
To meet the need of the market, the risk assessment reports are provided in a plain English format, and are prepared to be easily understood by both buyers and their advisers. They include an executive summary and links to related specialists in areas including fire safety, work health and safety, building inspections and strata law.