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I live in a self managed 8 unit block in QLD
I am on the committee
as far as im aware we dont have a forecast for our sinking fund
our finances are in good order we have $45,000 in the sinking fund but things are looking tired and will need some work, for exmaple
replace the stairwell carpets
paint the roof
resurface the driveway and path
fix the garden
I believe it is mandatory to have one ?
how should I apprach this to ensure we have one?
is it worth getting a professsional to do one ?
I am hoping by having one it will encourage committee and owners to agreed to do some work around the buiding
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