18/06/2026
When this Committee looked into a $30,000 insurance increase, they uncovered a much bigger problem.
A South Yarra Committee was facing a sharp rise in insurance costs, with premiums projected to increase from around $29,000 to nearly $60,000.
But as they dug deeper, they discovered the building had been operating under an expired management agreement, with no clear framework for accountability or performance.
The insurance increase wasn't the real issue. It simply exposed it.
With issues and growing uncertainty around how key matters were being managed, the Committee needed clarity on where they stood and what needed to change.
That's when they engaged us. Working alongside the Committee, we:
• identified governance and management gaps
• aligned Committee members around a clear direction
• managed a structured tender process
• guided the selection of a new strata manager
• coordinated the transition and compliance requirements
The outcome:
✔ full Committee alignment on key decisions
✔ appointment of a new strata manager on a 2-year agreement
✔ clearer accountability and service expectations
✔ better visibility over building operations and priorities
✔ stronger positioning to manage rising insurance costs
✔ greater confidence in future decision-making
Rising costs often force Committees to ask difficult questions.
In this case, those questions led to better management and a clearer path forward.
If your building is facing similar challenges, we can help you assess where things stand and guide the next steps → 📞 (03) 9007 2618 | 🌐 https://strataconsultants.com.au/contact-us?utm_source=facebook&utm_medium=organic_post&utm_campaign=june_18_26
Read the full case study here: https://strataconsultants.com.au/case-study/south-yarra-strata-case-rising-insurance-costs?utm_source=facebook&utm_medium=organic_post&utm_campaign=june_18_26
See how a South Yarra Committee handled rising insurance costs, improved governance and transitioned to a better strata manager.