2022 has seen its fair share of economic turmoil, with record inflation occurring within Australia on a level unseen since 1990, reaching 6.1 per cent as of Q2 2022.
This has been demonstrating an influence on the prices of many common goods, services, and materials, in conjunction with continued supply chain issues stemming from the disruption caused by the COVID-19 pandemic.
Strata communities, and with them, the strata industry, have not been immune to the effects of the economic headwinds and an especially harsh winter in 2022.
Read on for answers to these 2 questions relevant to strata communities:
- Where do my strata levies go every year?
- How can I keep my strata levies lower in tough economic times?