Journalist Miriam Bell has done an exposé for Property Investors on SCA(NZ) and the Body Corporate Sector.
Confusion about the workings of body corporates reigns and this has prompted a new watchdog group to swing into action to boost understanding of the sector.
By Miriam Bell
Around 400,000 New Zealanders are estimated to call apartments home and that number is set to grow as the shift to high density living intensifies.
Yet there is a widespread lack of awareness about the workings and complexities of body corporates.
The Strata Community Association New Zealand (SCANZ)* has recently been established to address this issue and give a voice to owners and body corporate managers.
SCANZ president Joanne Barreto said New Zealand’s $50 billion body corporate sector is only growing bigger, but it suffers from a lack of understanding.
“Strata and community title are not common terms in New Zealand.
