Car park line-marking & epoxy coatingBasements 1–2
2027
8 yr
$
$26,000
$62,345
Planning assumptions
Horizon
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
1Introduction & scope
2Executive summary
3Funding position & forecast
4Forward expenditure schedule
5Asset register
6Cost escalation
7Compliance & essential safety
8Renewals & expiries
9Works in delivery
10Special levies
11Methodology & assumptions
12Recommendations
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 (2026–2040).
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 · 2026–2040
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.
Forecast spend by building system
Facade & Access
$771,768
19%
Vertical Transport
$553,060
14%
Common Property & Finishes
$536,200
13%
Roofing & Waterproofing
$513,848
13%
Electrical & Security
$397,576
10%
Fire & Essential Safety
$371,987
9%
Structure & Balustrades
$283,483
7%
Height Safety
$255,161
6%
Mechanical & HVAC
$173,538
4%
Hydraulic & Drainage
$163,066
4%
Total forecast spend
$4,019,686
100%
Year
Opening
Levy
Interest
Works
Closing
Status
2026
$312k
$148k
$8k
−$21k
$447k
Funded
2027
$447k
$151k
$11k
−$252k
$356k
Funded
2028
$356k
$154k
$9k
−$1.1m
−$354k
Short
2029
−$354k
$157k
$0
−$112k
−$309k
Short
2030
−$309k
$160k
$0
−$24k
−$174k
Short
2031
−$174k
$163k
$0
−$25k
−$36k
Short
2032
−$36k
$167k
$0
−$483k
−$352k
Short
2033
−$352k
$170k
$0
−$27k
−$209k
Short
2034
−$209k
$173k
$0
−$581k
−$617k
Short
2035
−$617k
$177k
$0
−$348k
−$788k
Short
2036
−$788k
$180k
$0
−$30k
−$638k
Short
2037
−$638k
$184k
$0
−$136k
−$590k
Short
2038
−$590k
$188k
$0
−$201k
−$604k
Short
2039
−$604k
$191k
$0
−$381k
−$793k
Short
2040
−$793k
$195k
$0
−$313k
−$910k
Short
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 recertification
Sep 2026
$6,800
$6,800
Annual fire & ESM testingESM
Nov 2026
$14,500
$14,500
20276 items · $252,486
Stormwater & sewer ejection pumps
Mar 2027
$38,000
$39,330
Car park line-marking & epoxy coating
Apr 2027
$26,000
$26,910
Fire pump & panel upgrade
Jun 2027
$92,200
$92,200
Intercom, access control & CCTV
Jun 2027
$72,000
$72,000
Roof anchor & static line recertification
Sep 2027
$6,800
$7,038
Annual fire & ESM testingESM
Nov 2027
$14,500
$15,007
202812 items · $1,083,136
Height-safety system load-test & replacement
Jun 2028
$48,000
$51,419
Podium & planter waterproofing
Jun 2028
$92,000
$98,553
Cooling tower & HVAC plant
Jun 2028
$162,000
$173,538
EV charging infrastructure upgrade
Jun 2028
$40,000
$42,849
Car park door & gate motors
Jun 2028
$18,000
$19,282
Lobby & common-area refurbishment
Jun 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 repaint
Jun 2028
$176,600
$176,600
Window & glazing gasket renewal
Jun 2028
$61,400
$61,400
Roof anchor & static line recertification
Sep 2028
$6,800
$7,284
Annual fire & ESM testingESM
Nov 2028
$14,500
$15,533
20294 items · $112,313
Gutters & roof drainage renewal
Jun 2029
$22,000
$24,392
Hot water plant & circulators
Jun 2029
$58,000
$64,306
Roof anchor & static line recertification
Sep 2029
$6,800
$7,539
Annual fire & ESM testingESM
Nov 2029
$14,500
$16,076
20302 items · $24,442
Roof anchor & static line recertification
Sep 2030
$6,800
$7,803
Annual fire & ESM testingESM
Nov 2030
$14,500
$16,639
20312 items · $25,298
Roof anchor & static line recertification
Sep 2031
$6,800
$8,076
Annual fire & ESM testingESM
Nov 2031
$14,500
$17,221
20324 items · $483,466
Roof membrane replacement
Jun 2032
$318,000
$390,903
Main switchboard & metering upgrade
Jun 2032
$54,000
$66,380
Roof anchor & static line recertification
Sep 2032
$6,800
$8,359
Annual fire & ESM testingESM
Nov 2032
$14,500
$17,824
20332 items · $27,100
Roof anchor & static line recertification
Sep 2033
$6,800
$8,651
Annual fire & ESM testingESM
Nov 2033
$14,500
$18,448
20343 items · $581,108
Lift modernisation (×2)
Jun 2034
$420,000
$553,060
Roof anchor & static line recertification
Sep 2034
$6,800
$8,954
Annual fire & ESM testingESM
Nov 2034
$14,500
$19,094
20354 items · $347,948
Car park line-marking & epoxy coating
Apr 2035
$26,000
$35,435
Balcony balustrade remediation
Jun 2035
$208,000
$283,483
Roof anchor & static line recertification
Sep 2035
$6,800
$9,268
Annual fire & ESM testingESM
Nov 2035
$14,500
$19,762
20362 items · $30,046
Roof anchor & static line recertification
Sep 2036
$6,800
$9,592
Annual fire & ESM testingESM
Nov 2036
$14,500
$20,454
20373 items · $136,215
Intercom, access control & CCTV
Aug 2037
$72,000
$105,118
Roof anchor & static line recertification
Sep 2037
$6,800
$9,928
Annual fire & ESM testingESM
Nov 2037
$14,500
$21,170
20385 items · $201,425
Height-safety system load-test & replacement
Jun 2038
$48,000
$72,531
Car park door & gate motors
Jun 2038
$18,000
$27,199
Common-area repaint (corridors & stairs)
Jun 2038
$46,000
$69,509
Roof anchor & static line recertification
Sep 2038
$6,800
$10,275
Annual fire & ESM testingESM
Nov 2038
$14,500
$21,910
20394 items · $380,511
Stormwater & sewer ejection pumps
Mar 2039
$38,000
$59,430
External repaint
Jun 2039
$184,000
$287,768
Roof anchor & static line recertification
Sep 2039
$6,800
$10,635
Annual fire & ESM testingESM
Nov 2039
$14,500
$22,677
20404 items · $312,894
EV charging infrastructure upgrade
Jun 2040
$40,000
$64,748
Lobby & common-area refurbishment
Jun 2040
$132,000
$213,668
Roof anchor & static line recertification
Sep 2040
$6,800
$11,007
Annual fire & ESM testingESM
Nov 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.
Component
System
Location
Condition
Cost today
Cycle
Next due
Facade sealant & recaulking (full elevations)
Facade & Access
All elevations
—
$246,000
14 yr
Jun 2028
External repaint
Facade & Access
All elevations + soffits
—
$184,000
11 yr
Jun 2028
Window & glazing gasket renewal
Facade & Access
Levels 1–14
—
$64,000
16 yr
Jun 2028
Roof anchor & static line recertification
Height Safety
Roof + facade davits
—
$6,800
1 yr
Sep 2026
Height-safety system load-test & replacement
Height Safety
Roof anchor array
—
$48,000
10 yr
Jun 2028
Roof membrane replacement
Roofing & Waterproofing
Main roof + plant deck
—
$318,000
22 yr
Jun 2032
Podium & planter waterproofing
Roofing & Waterproofing
Level 2 podium
—
$92,000
18 yr
Jun 2028
Gutters & roof drainage renewal
Roofing & Waterproofing
Roof perimeter
—
$22,000
12 yr
Jun 2029
Balcony balustrade remediation
Structure & Balustrades
North & east balconies
—
$208,000
25 yr
Jun 2035
Lift modernisation (×2)
Vertical Transport
Core lifts L1 & L2
—
$420,000
24 yr
Jun 2034
Fire pump & panel upgrade
Fire & Essential Safety
Fire pump room
—
$96,000
15 yr
Jun 2027
Annual fire & ESM testing
Fire & Essential Safety
Whole building
—
$14,500
1 yr
Nov 2026
Cooling tower & HVAC plant
Mechanical & HVAC
Roof plant
—
$162,000
18 yr
Jun 2028
Hot water plant & circulators
Hydraulic & Drainage
Plant room
—
$58,000
15 yr
Jun 2029
Stormwater & sewer ejection pumps
Hydraulic & Drainage
Basement 2
—
$38,000
12 yr
Mar 2027
Intercom, access control & CCTV
Electrical & Security
Whole building
—
$72,000
10 yr
Aug 2027
EV charging infrastructure upgrade
Electrical & Security
Basement car park
—
$40,000
12 yr
Jun 2028
Main switchboard & metering upgrade
Electrical & Security
Main switch room
—
$54,000
22 yr
Jun 2032
Car park door & gate motors
Electrical & Security
Basement entry
—
$18,000
10 yr
Jun 2028
Lobby & common-area refurbishment
Common Property & Finishes
Ground + lift lobbies
—
$132,000
12 yr
Jun 2028
Common-area repaint (corridors & stairs)
Common Property & Finishes
Levels 1–14
—
$46,000
10 yr
Jun 2028
Car park line-marking & epoxy coating
Common Property & Finishes
Basements 1–2
—
$26,000
8 yr
Apr 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
Obligation
Domain
Standard
Frequency
Next due
Status
Annual Essential Safety Measures Report (AESMR)
Fire safety
Building Regs 2018 Pt 15
Annual
Oct 2026
Compliant
Fire detection & alarm service
Fire safety
AS 1851
6-monthly
Jul 2026
Due soon
Fire extinguishers, hydrants & hose reels
Fire safety
AS 1851
6-monthly
May 2026
Overdue
Emergency & exit lighting
Fire safety
AS 2293
6-monthly
Sep 2026
Compliant
Roof anchor & height-safety recertification
Height safety
AS/NZS 1891.4
Annual
Sep 2026
Compliant
Lift registration & inspection
Vertical transport
AS 1735
Annual
Jan 2027
Compliant
Cooling tower / Legionella risk management
Water systems
AS/NZS 3666
Monthly
Jun 2026
Due soon
RCD & electrical safety testing
Electrical
AS/NZS 3760
Annual
Mar 2027
Compliant
Backflow prevention device testing
Hydraulic
AS 2845
Annual
Apr 2026
Overdue
Asbestos register review
Hazardous materials
OHS Regs 2017
Annual
May 2027
Compliant
Switchboard thermographic scan
Electrical
AS/NZS 3000
Annual
Dec 2026
Compliant
8
Renewals & expiries
Insurances, certificates and statutory obligations with a renewal date, soonest first.
Item
Type
Due / expires
Status
Backflow prevention device testing
Compliance
Apr 2026
Overdue · 2 mo overdue
Fire extinguishers, hydrants & hose reels
Compliance
May 2026
Overdue · 1 mo overdue
Cooling tower / Legionella risk management
Compliance
Jun 2026
Due soon · this month
Fire detection & alarm service
Compliance
Jul 2026
Due soon · in 1 mo
Emergency & exit lighting
Compliance
Sep 2026
Due soon · in 3 mo
Roof anchor & height-safety recertification
Compliance
Sep 2026
Due soon · in 3 mo
Annual Essential Safety Measures Report (AESMR)
Compliance
Oct 2026
Due soon · in 4 mo
Switchboard thermographic scan
Compliance
Dec 2026
Due soon · in 6 mo
Lift registration & inspection
Compliance
Jan 2027
Compliant · in 7 mo
RCD & electrical safety testing
Compliance
Mar 2027
Compliant · in 9 mo
Asbestos register review
Compliance
May 2027
Compliant · in 11 mo
15-Year Maintenance Plan (Plinth)
Plan
2027
Compliant · in 1 yr
Annual ESM Report (AESMR)
Certificate
2027
Compliant · in 1 yr
Building insurance policy
Insurance
2027
Compliant · in 1 yr
OC management agreement
Contract
2027
Compliant · in 1 yr
Roof anchor certification
Certificate
2027
Compliant · in 1 yr
9
Works in delivery
Capital works currently in the pipeline — scoped, tendered, awarded or under way.
Works
Stage
Forecast
Awarded to
Fire pump & panel upgrade
Complete
$92,200
Brightwater Trades
Intercom, access control & CCTV
In progress
$72,000
Northpoint Contracting
Facade sealant & recaulking (full elevations)
Scheduled
$246,000
Vantage Height Access
External repaint
Approval
$184,000
—
Window & glazing gasket renewal
Quoting
$64,000
—
Podium & planter waterproofing
Scoping
$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.
Purpose
Year
Amount
Per lot
Lift modernisation (×2) — special levy
2028
$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
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
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
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
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