Portfolio Profile
Lot Types
Residential 1,090 (90%)
Commercial 2 (0%)
Utility 117 (10%)
Scheme Size Distribution
Distribution of schemes by total lot count. Average scheme size: 50.4 lots. The portfolio is dominated by small schemes (10 lots or fewer), typical of townhouse and villa complexes.
Portfolio Age
Schemes by registration decade. Oldest scheme registered 1968, newest 2024.
Suburb Coverage
| Suburb | Schemes | Lots | % of Portfolio | Market Share | |
|---|---|---|---|---|---|
| Elizabeth Bay 2011 | 4 | 42 | 17% | 2.5% | |
| Millers Point 2000 | 3 | 471 | 12% | 7.1% | |
| Bondi Junction 2022 | 3 | 36 | 12% | 1.5% | |
| Bondi Beach 2026 | 2 | 122 | 8% | 0.4% | |
| Edgecliff 2027 | 2 | 88 | 8% | 2.6% | |
| Double Bay 2028 | 2 | 41 | 8% | 0.9% | |
| North Ryde 2113 | 1 | 194 | 4% | 0.8% | |
| Ryde 2112 | 1 | 91 | 4% | 0.2% | |
| Dover Heights 2030 | 1 | 62 | 4% | 1.0% | |
| Sydney 2000 | 1 | 20 | 4% | 0.2% |
| Balgowlah 2093 | 1 | 18 | 4% | 0.3% | |
| Freshwater 2096 | 1 | 12 | 4% | 0.5% | |
| Mosman 2088 | 1 | 9 | 4% | 0.1% | |
| Rose Bay 2029 | 1 | 3 | 4% | 0.2% |
Tribunal & Court History
3
Total Cases
1
NCAT
1
Supreme Court
1
Court of Appeal
An owners corporation sued the builder and developer for building defects. A referee was appointed, and the Supreme Court adopted the reports and awarded compensation. The builder appealed, arguing procedural unfairness and misapplication of legal principles; the appeal was dismissed.
CONTRACTS — remedies — damages — mitigation of loss — whether conduct was unreasonable in the circumstances such that some or all of the claimed loss should be disregarded — legal and evidentiary onus on the party asserting a failure to mitigate — no “positive obligation” to provide builder an...
Before
Leeming JA at [1]; Kirk JA at [2]; Ball JA at [81]
Hearing
1 July 2025
File Numbers
2024/475105
Matched Strata Plans
SP89074
Parties
Owners Corporation v Developer
Representation
Counsel: M Ashhurst SC / MT Keene (Appellants) F Hicks SC / W Marshall (Respondent) Solicitors: Salim Rutherford Lawyers (Appellants) Hamilton Locke Lawyers (Respondent)
Orders
(1) Appeal dismissed. (2) Appellants to pay the respondent’s costs.
The Applicants, a strata management company and its sole director, sought review of disciplinary decisions made by the Commissioner for Fair Trading, which included license cancellation, reprimands, and disqualification. The Tribunal set aside the initial decisions, reprimanded Mr. Wang and cancelled his license, disqualified him from managing a business for 12 months, and reprimanded and fined the company, PSMG.
ADMINISTRATIVE LAW – review of decision by external decision-maker, decision to cancel strata management agent’s licence – fine – company and individual licences and disqualify licence holder under the Property and Stock Agents Act 2002
Before
C Mulvey, Senior Member
Hearing
4 – 5 February 2025 Final submissions received 10 February 2025
File Numbers
2024/00273415
Matched Strata Plans
SP90401
Parties
Managing Agent v Government
Representation
Counsel: Mr J Horowitz (First and Second Applicants) Ms A Douglas-Baker (Respondent) Solicitors: Bannermans Lawyers (First and Second Applicants) Department of Customer Service (Respondent)
Orders
(1) The decisions under review are set aside. (2) Pursuant to s 192(1)(a) of the Property and Stock Agents Act 2002, Mr Whitney Wang is reprimanded. (3) Pursuant to s 192(1)(g) of the Property and Stock Agents Act 2002, Mr Whitney Wang’s licence is cancelled after 28 days from the date of this order. (4) Pursuant to s 192(1)(i) of the Property and Stock Agent Act 2002, Mr Whitney Wang is disqualified from being involved in the direction, management or conduct of the business of a licensee...
The owner of a residential building sought to adopt a referee's report regarding loss and damage caused by breaches of statutory warranties by the builder and developer. The court adopted the report with minor variations, ordering the defendants to pay the plaintiff a specified amount and costs.
BUILDING AND CONSTRUCTION – claim for breach of statutory warranties under Home Building Act 1989 (NSW) – proceedings on foot for 8 years – before the Court on 52 occasions – parties reach agreement ‘in principle’ for builder to rectify defects but no final agreement reached more than a year...
Before
Rees J
Hearing
28 October 2024
File Numbers
2017/262472
Matched Strata Plans
SP89074
Parties
Lot Owner v Developer
Representation
Counsel: F Hicks SC / W Marshall (Plaintiff) M Ashhurst SC / M Keene (Defendants) Solicitors: Hamilton Locke (Plaintiff) Salim Rutherford Lawyers (Defendants)
Orders
Orders for adoption of referee reports.
Google Reviews
28 Jan 2026
“Extremely poor experience. Do not recommend.”
22 Jan 2026
“Patrick is the most disrespectable person I have ever met.”
22 Feb 2026
“I have had the opportunity to work with Capstone Strata across complex mixed use schemes, and my experience has been very positive.
One of their team members managed The Italian Forum for a number of years, which is a well known and challenging site with both commercial and shared facilities....”
22 Feb 2026
“I have worked with Capstone Strata for some time now and my experience has been very positive.
The team are professional, knowledgeable, and experienced in strata management. They understand the day to day challenges within strata schemes and approach matters in a practical and well considered...”
13 Jun 2025
“Patrick is a very personable individual, but unfortunately my experience in his management style and confidence in his abilities was sorely lacking when he was the manager in 2024.”