The hidden costs of inflation for strata buildings - Myoc

The primary purpose for Capital Works, Maintenance, Sinking, and Reserve Funds is to repair and replace the shared or common property of your strata scheme. By its very nature, these costs are usually centred around construction materials and labour, as significant parts of the building (think roof, window and surface replacement) come up for renewal and repair to maintain the amenity (and value!) of the building and the safety of its residents.