Commissions for strata managers should be banned ‘sooner rather than later’, NSW productivity commissioner says

Peter Achterstraat says protections are essential as apartments increasingly become ‘the only place people can afford to buy’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe New South Wales productivity commissioner wants exorbitant commissions for strata managers banned “sooner rather than later”, with apartments expected to make up half of all Sydney homes by 2041.The NSW government is yet to commit to implementing the recommendations contained in Peter Achterstraat’s report. He has advised outlawing commissions on insurance premiums and other services. Continue reading...