18/06/2026
What Every Strata Committee Should Be Reviewing Before EOFY
The most effective strata committees don't wait for problems to appear. They identify risks before they become liabilities.
As the end of the financial year approaches, now is the ideal time to step back and assess the overall health of your scheme.
Beyond reviewing financial performance, committees should be asking broader questions:
• Is the budget still aligned with rising operating costs?
• Are levy arrears being actively managed?
• Have contractors delivered the level of service expected?
• Does the building's insurance adequately reflect current replacement costs?
• Are planned maintenance projects progressing as intended?
• Have all compliance obligations been met?
Too often, committees focus on the immediate demands of day-to-day management while overlooking strategic issues that can have a significant impact on the building's long-term performance.
The schemes that consistently perform well are rarely the ones reacting to challenges. They are the ones planning ahead. EOFY provides an opportunity to review what is working, identify what isn't, and establish priorities for the year ahead.
At Beaumont Strata Management, we work closely with committees to help them make informed decisions that protect assets, manage risk and support the long-term success of their communities. A well-managed building is not defined by how it responds to problems. It's defined by how effectively it prepares for them.
Contact our expert Strata Managers to assist with assessing whether your scheme is positioned for the year ahead.
www.beaumontstrata.com.au