Plinth.
Building

Owners Corporation

Lonsdale Rise

188 A'Beckett Street, Melbourne VIC 3000

Tier 1 OC — maintenance plan mandatory (OC Act s36)

Sample building · illustrative figures, not advice. Add your own building to start a real plan.

Levels
14
Lots
122
Built
2010
Plinth.Independent maintenance planning

Maintenance Plan & Reserve-Fund Forecast

Lonsdale Rise

188 A'Beckett Street, Melbourne VIC 3000

Tier 1 OC — maintenance plan mandatory (OC Act s36)

A forward maintenance plan and reserve-fund forecast prepared to support the maintenance-plan and maintenance-fund obligations of the owners corporation under the Owners Corporations Act 2006 (Vic), ss 36–37.

Prepared for
OC1 PS612345A — Lonsdale Rise
Prepared by
Plinth — independent maintenance planning
Plan period
2026 – 2040 (15 years)
Document reference
PLX-26-0118
Revision
1.0
Issued
29 June 2026
Funding status
Underfunded

Prepared by Plinth, at arm’s length from any contractor. Forward figures are indicative and escalation-based; in a production plan, asset condition and replacement costs are set by an independent quantity surveyor and capital works are competitively tendered. Not financial or legal advice.

Plinth Live · $750/account/yr + $350/additional building · valid to June 2027

Contents

  1. 1Introduction & scope
  2. 2Executive summary
  3. 3Funding position & forecast
  4. 4Forward expenditure schedule
  5. 5Asset register
  6. 6Cost escalation
  7. 7Compliance & essential safety
  8. 8Renewals & expiries
  9. 9Works in delivery
  10. 10Special levies
  11. 11Methodology & assumptions
  12. 12Recommendations
  13. Definitions & disclaimer
1

Introduction & scope

This document sets out a forward maintenance plan and reserve-fund (sinking-fund) forecast for Lonsdale Rise. It identifies the building’s long-life components, when each is expected to require major works, what those works are forecast to cost in the year they fall due, and whether the maintenance fund is projected to meet them.

It is prepared to support the owners corporation’s maintenance-plan and maintenance-fund obligations under the Owners Corporations Act 2006 (Vic), ss 36–37, and to give the committee and manager a single, current view of the building’s capital position over a 15-year horizon (20262040).

Included: common-property capital components, their replacement or major-service cycles, the reserve-fund forecast, cost escalation, and the statutory compliance register. Excluded: day-to-day operational maintenance, items within individual lots, and works arising from latent defect or insured event.

Building type
Residential
Levels
14
Lots
122
Year built
2010
Components assessed
22
2

Executive summary

Funding position · 20262040

Underfunded

On the current levy, the fund runs short in 2028. Holding the plan needs about $285,000 a year — $137,000 more than today.

Current fund balance
$312,000
Current annual levy
$148,000
Recommended levy
$285,000
Levy gap
+$137,000
Lowest balance
-$910,395 (2040)
First shortfall
2028
Forecast spend to 2040
$4,019,686
Peak works year
2028 · $1.1m
Safety floor
$75,000
Recommended / lot
$584 / qtr
3

Funding position & forecast

The reserve balance rolled forward year by year — opening balance, indexed levy and interest in, works drawn down in the year they fall due — against the $75,000 safety floor.

−$992k−$605k−$218k$168k$555kSafety floor $75kRuns short 2028Now'27'29'31'33'35'37'39'40

Forecast spend by building system

Facade & Access$771,76819%
Vertical Transport$553,06014%
Common Property & Finishes$536,20013%
Roofing & Waterproofing$513,84813%
Electrical & Security$397,57610%
Fire & Essential Safety$371,9879%
Structure & Balustrades$283,4837%
Height Safety$255,1616%
Mechanical & HVAC$173,5384%
Hydraulic & Drainage$163,0664%
Total forecast spend$4,019,686100%
YearOpeningLevyInterestWorksClosingStatus
2026$312k$148k$8k−$21k$447kFunded
2027$447k$151k$11k−$252k$356kFunded
2028$356k$154k$9k−$1.1m−$354kShort
2029−$354k$157k$0−$112k−$309kShort
2030−$309k$160k$0−$24k−$174kShort
2031−$174k$163k$0−$25k−$36kShort
2032−$36k$167k$0−$483k−$352kShort
2033−$352k$170k$0−$27k−$209kShort
2034−$209k$173k$0−$581k−$617kShort
2035−$617k$177k$0−$348k−$788kShort
2036−$788k$180k$0−$30k−$638kShort
2037−$638k$184k$0−$136k−$590kShort
2038−$590k$188k$0−$201k−$604kShort
2039−$604k$191k$0−$381k−$793kShort
2040−$793k$195k$0−$313k−$910kShort
4

Forward expenditure schedule

Every works occurrence across the plan, in the year it falls due, with the cost in today’s dollars and escalated to the dollars of that year.

20262 items · $21,300
Roof anchor & static line recertificationSep 2026$6,800$6,800
Annual fire & ESM testingESMNov 2026$14,500$14,500
20276 items · $252,486
Stormwater & sewer ejection pumpsMar 2027$38,000$39,330
Car park line-marking & epoxy coatingApr 2027$26,000$26,910
Fire pump & panel upgradeJun 2027$92,200$92,200
Intercom, access control & CCTVJun 2027$72,000$72,000
Roof anchor & static line recertificationSep 2027$6,800$7,038
Annual fire & ESM testingESMNov 2027$14,500$15,007
202812 items · $1,083,136
Height-safety system load-test & replacementJun 2028$48,000$51,419
Podium & planter waterproofingJun 2028$92,000$98,553
Cooling tower & HVAC plantJun 2028$162,000$173,538
EV charging infrastructure upgradeJun 2028$40,000$42,849
Car park door & gate motorsJun 2028$18,000$19,282
Lobby & common-area refurbishmentJun 2028$132,000$141,402
Common-area repaint (corridors & stairs)Jun 2028$46,000$49,276
Facade sealant & recaulking (full elevations)Jun 2028$246,000$246,000
External repaintJun 2028$176,600$176,600
Window & glazing gasket renewalJun 2028$61,400$61,400
Roof anchor & static line recertificationSep 2028$6,800$7,284
Annual fire & ESM testingESMNov 2028$14,500$15,533
20294 items · $112,313
Gutters & roof drainage renewalJun 2029$22,000$24,392
Hot water plant & circulatorsJun 2029$58,000$64,306
Roof anchor & static line recertificationSep 2029$6,800$7,539
Annual fire & ESM testingESMNov 2029$14,500$16,076
20302 items · $24,442
Roof anchor & static line recertificationSep 2030$6,800$7,803
Annual fire & ESM testingESMNov 2030$14,500$16,639
20312 items · $25,298
Roof anchor & static line recertificationSep 2031$6,800$8,076
Annual fire & ESM testingESMNov 2031$14,500$17,221
20324 items · $483,466
Roof membrane replacementJun 2032$318,000$390,903
Main switchboard & metering upgradeJun 2032$54,000$66,380
Roof anchor & static line recertificationSep 2032$6,800$8,359
Annual fire & ESM testingESMNov 2032$14,500$17,824
20332 items · $27,100
Roof anchor & static line recertificationSep 2033$6,800$8,651
Annual fire & ESM testingESMNov 2033$14,500$18,448
20343 items · $581,108
Lift modernisation (×2)Jun 2034$420,000$553,060
Roof anchor & static line recertificationSep 2034$6,800$8,954
Annual fire & ESM testingESMNov 2034$14,500$19,094
20354 items · $347,948
Car park line-marking & epoxy coatingApr 2035$26,000$35,435
Balcony balustrade remediationJun 2035$208,000$283,483
Roof anchor & static line recertificationSep 2035$6,800$9,268
Annual fire & ESM testingESMNov 2035$14,500$19,762
20362 items · $30,046
Roof anchor & static line recertificationSep 2036$6,800$9,592
Annual fire & ESM testingESMNov 2036$14,500$20,454
20373 items · $136,215
Intercom, access control & CCTVAug 2037$72,000$105,118
Roof anchor & static line recertificationSep 2037$6,800$9,928
Annual fire & ESM testingESMNov 2037$14,500$21,170
20385 items · $201,425
Height-safety system load-test & replacementJun 2038$48,000$72,531
Car park door & gate motorsJun 2038$18,000$27,199
Common-area repaint (corridors & stairs)Jun 2038$46,000$69,509
Roof anchor & static line recertificationSep 2038$6,800$10,275
Annual fire & ESM testingESMNov 2038$14,500$21,910
20394 items · $380,511
Stormwater & sewer ejection pumpsMar 2039$38,000$59,430
External repaintJun 2039$184,000$287,768
Roof anchor & static line recertificationSep 2039$6,800$10,635
Annual fire & ESM testingESMNov 2039$14,500$22,677
20404 items · $312,894
EV charging infrastructure upgradeJun 2040$40,000$64,748
Lobby & common-area refurbishmentJun 2040$132,000$213,668
Roof anchor & static line recertificationSep 2040$6,800$11,007
Annual fire & ESM testingESMNov 2040$14,500$23,471
5

Asset register

The long-life components this plan is built on — replacement (or major-service) cost in today’s dollars, the cycle on which it recurs, and when it next falls due.

ComponentSystemLocationConditionCost todayCycleNext due
Facade sealant & recaulking (full elevations)Facade & AccessAll elevations$246,00014 yrJun 2028
External repaintFacade & AccessAll elevations + soffits$184,00011 yrJun 2028
Window & glazing gasket renewalFacade & AccessLevels 1–14$64,00016 yrJun 2028
Roof anchor & static line recertificationHeight SafetyRoof + facade davits$6,8001 yrSep 2026
Height-safety system load-test & replacementHeight SafetyRoof anchor array$48,00010 yrJun 2028
Roof membrane replacementRoofing & WaterproofingMain roof + plant deck$318,00022 yrJun 2032
Podium & planter waterproofingRoofing & WaterproofingLevel 2 podium$92,00018 yrJun 2028
Gutters & roof drainage renewalRoofing & WaterproofingRoof perimeter$22,00012 yrJun 2029
Balcony balustrade remediationStructure & BalustradesNorth & east balconies$208,00025 yrJun 2035
Lift modernisation (×2)Vertical TransportCore lifts L1 & L2$420,00024 yrJun 2034
Fire pump & panel upgradeFire & Essential SafetyFire pump room$96,00015 yrJun 2027
Annual fire & ESM testingFire & Essential SafetyWhole building$14,5001 yrNov 2026
Cooling tower & HVAC plantMechanical & HVACRoof plant$162,00018 yrJun 2028
Hot water plant & circulatorsHydraulic & DrainagePlant room$58,00015 yrJun 2029
Stormwater & sewer ejection pumpsHydraulic & DrainageBasement 2$38,00012 yrMar 2027
Intercom, access control & CCTVElectrical & SecurityWhole building$72,00010 yrAug 2027
EV charging infrastructure upgradeElectrical & SecurityBasement car park$40,00012 yrJun 2028
Main switchboard & metering upgradeElectrical & SecurityMain switch room$54,00022 yrJun 2032
Car park door & gate motorsElectrical & SecurityBasement entry$18,00010 yrJun 2028
Lobby & common-area refurbishmentCommon Property & FinishesGround + lift lobbies$132,00012 yrJun 2028
Common-area repaint (corridors & stairs)Common Property & FinishesLevels 1–14$46,00010 yrJun 2028
Car park line-marking & epoxy coatingCommon Property & FinishesBasements 1–2$26,0008 yrApr 2027
6

Cost escalation

Future works are escalated at an assumed construction-cost rate of 3.5% per year, compounding. The later a job falls, the more it costs in the dollars of its year. A $100k job today is shown at each horizon.

$100k

Today

$119k

+5 yr

$141k

+10 yr

$162k

2040

7

Compliance & essential safety

ObligationDomainStandardFrequencyNext dueStatus
Annual Essential Safety Measures Report (AESMR)Fire safetyBuilding Regs 2018 Pt 15AnnualOct 2026Compliant
Fire detection & alarm serviceFire safetyAS 18516-monthlyJul 2026Due soon
Fire extinguishers, hydrants & hose reelsFire safetyAS 18516-monthlyMay 2026Overdue
Emergency & exit lightingFire safetyAS 22936-monthlySep 2026Compliant
Roof anchor & height-safety recertificationHeight safetyAS/NZS 1891.4AnnualSep 2026Compliant
Lift registration & inspectionVertical transportAS 1735AnnualJan 2027Compliant
Cooling tower / Legionella risk managementWater systemsAS/NZS 3666MonthlyJun 2026Due soon
RCD & electrical safety testingElectricalAS/NZS 3760AnnualMar 2027Compliant
Backflow prevention device testingHydraulicAS 2845AnnualApr 2026Overdue
Asbestos register reviewHazardous materialsOHS Regs 2017AnnualMay 2027Compliant
Switchboard thermographic scanElectricalAS/NZS 3000AnnualDec 2026Compliant
8

Renewals & expiries

Insurances, certificates and statutory obligations with a renewal date, soonest first.

ItemTypeDue / expiresStatus
Backflow prevention device testingComplianceApr 2026Overdue · 2 mo overdue
Fire extinguishers, hydrants & hose reelsComplianceMay 2026Overdue · 1 mo overdue
Cooling tower / Legionella risk managementComplianceJun 2026Due soon · this month
Fire detection & alarm serviceComplianceJul 2026Due soon · in 1 mo
Emergency & exit lightingComplianceSep 2026Due soon · in 3 mo
Roof anchor & height-safety recertificationComplianceSep 2026Due soon · in 3 mo
Annual Essential Safety Measures Report (AESMR)ComplianceOct 2026Due soon · in 4 mo
Switchboard thermographic scanComplianceDec 2026Due soon · in 6 mo
Lift registration & inspectionComplianceJan 2027Compliant · in 7 mo
RCD & electrical safety testingComplianceMar 2027Compliant · in 9 mo
Asbestos register reviewComplianceMay 2027Compliant · in 11 mo
15-Year Maintenance Plan (Plinth)Plan2027Compliant · in 1 yr
Annual ESM Report (AESMR)Certificate2027Compliant · in 1 yr
Building insurance policyInsurance2027Compliant · in 1 yr
OC management agreementContract2027Compliant · in 1 yr
Roof anchor certificationCertificate2027Compliant · in 1 yr
9

Works in delivery

Capital works currently in the pipeline — scoped, tendered, awarded or under way.

WorksStageForecastAwarded to
Fire pump & panel upgradeComplete$92,200Brightwater Trades
Intercom, access control & CCTVIn progress$72,000Northpoint Contracting
Facade sealant & recaulking (full elevations)Scheduled$246,000Vantage Height Access
External repaintApproval$184,000
Window & glazing gasket renewalQuoting$64,000
Podium & planter waterproofingScoping$92,000
10

Special levies

One-off levies raised for specific projects — additional income into the maintenance fund, on top of the recurring levy. These are reflected in the funding forecast above.

PurposeYearAmountPer lot
Lift modernisation (×2) — special levy2028$210,000$1,721
11

Methodology & assumptions

Cost escalation3.5% / yr, compounding
Reserve interest2.5% / yr on positive balances
Levy indexation2.0% / yr
Safety floor$75,000
Plan horizon15 years (2026–2040)
Cost basisToday's dollars; replacement / major-service per component
RecurrenceEach component recurs on its assessed cycle from last completion
Legislative basisOwners Corporations Act 2006 (Vic) ss 36–37

Indicative cost ranges, where shown before a quantity surveyor’s assessment, draw on Rawlinsons Australian Construction Handbook (2025); AIQS published cost guidance; Strata Community Association (SCA) maintenance benchmarks; Victorian capital-works tender data, 2024–25. They are starting figures only; a production plan replaces them with the independent QS’s surveyed costs.

12

Recommendations

  1. 1

    Lift the annual levy

    Increase the maintenance-fund levy to approximately $285,000 per year — $137,000 above the current $148,000. On the present levy the fund is forecast to run short in 2028.

  2. 2

    Commission a quantity surveyor's condition assessment

    Replace the indicative cost basis in this plan with surveyed condition ratings, remaining-life estimates and replacement costs from an independent quantity surveyor.

  3. 3

    Tender major works competitively

    Each capital item above the major-works threshold should be independently scoped and competitively tendered, with current insurances verified before any award.

  4. 4

    Review the plan annually

    Re-base the plan each year against the actual fund balance, the works completed and updated costs, so it remains a live instrument rather than a static document.

Definitions & disclaimer

Reserve / maintenance fund — money set aside for major capital works, distinct from the day-to-day administrative fund.

Escalation — the compounding rise in construction cost applied to future works.

Safety floor — the minimum reserve balance the fund should not drop below.

ESM — Essential Safety Measure: a legally-mandated fire/egress/lift item.

This plan supports the maintenance-plan and maintenance-fund obligations of a Tier 1/2 owners corporation under the Owners Corporations Act 2006 (Vic) ss 36–37. Forward figures are indicative and escalation-based; they are not a quantity surveyor’s valuation. In a production plan, asset condition, remaining life and replacement costs are set by an independent quantity surveyor, and capital works are competitively tendered. Plinth operates at arm’s length from any contractor and does not award works. This document is not financial or legal advice.

Prepared by Plinth · 29 June 2026 · PLX-26-0118 · Revision 1.0