AT A GLANCE
253
total lots in this scheme
Managed by Direct Management Group Pty Ltd. Located in Sydney, NSW. 203 other strata plans nearby
Lots
253
Year built
1995
Last report
—
Boundary sourced from NSW Spatial Services (StrataHub).
About this building
197-199 Castlereagh Street is a large 253-lot residential strata scheme in Sydney, registered in 1995 and now about 30 years old. It is managed by Direct Management Group Pty Ltd and is one of 204 strata plans in Sydney (Sydney council area). Every unit at 197-199 Castlereagh Street (lots 1–253) is part of strata scheme SP51487, so the levies, by-laws and disputes below apply to all of them. 3 NCAT tribunal decisions name SP51487.
Buyer's snapshot
Everything a buyer should know about 197-199 Castlereagh Street, on one page
- A red/amber/green verdict on each risk, with the evidence
- Plain-English summaries of every tribunal and court case
- Questions to ask the agent and strata manager
- A PDF you can forward to your conveyancer
Plan Details
- Plan Number
- SP51487
- Registered
- 1995-11-30
- LGA
- SYDNEY
- Postcode
- 2000
Lot Breakdown
- Total Lots
- 253
- Residential
- 253
Building Age
30
years old
Registered 30 November 1995
Significant capital expenditure expected — plumbing, electrical, facade repairs. Special levies are common for buildings this age
Strata Manager
Licence: 10108515
Last AGM: 16 April 2025
Possibly overdueAbout 1 year agoNSW strata schemes must hold an AGM at least once every 12 months.
Annual Reporting
14 May 2025
Status
active
Disputes in Sydney
This building is named in 3 published decisions. Across Sydney, 68 decisions name a strata plan.
- NCAT (tribunal)
- 19
- Court
- 48
- Buildings involved
- 31 of 204
- Per 1,000 lots
- 3.88 (NSW 1.12)
NCAT cases are usually internal to a scheme — by-laws, levies, repairs, access to records. Court cases usually involve builders or insurers over defects, because those claims exceed the tribunal's jurisdiction. These are published decisions only — most strata disputes settle or are resolved without a judgment, so this is a floor, not a count. See the Sydney suburb profile.
Comparable Buildings in Sydney
Other strata plans in the same suburb, ordered by similarity in building size.
| Building | Lots |
|---|---|
| 5 York Street SP17972 | 259 |
| 25 Market Street SP18892 Managed by Wellman Strata Management Pty Ltd | 247 |
| 251 Clarence Street SP19543 Managed by Result Property Group Pty Ltd | 260 |
| 281-285 Elizabeth Street SP55468 Managed by Strata Choice Pty Ltd | 276 |
| 27 Park Street SP3397 Managed by McCormacks NSW Pty Ltd | 280 |
| 591 George Street SP75686 Managed by PICA Services Pty Ltd | 300 |
Comparables are other strata plans in Sydney with similar lot counts.
Other strata buildings on Castlereagh Street
- 267-277 Castlereagh Street
SP40414 · 146 lots
- 67-71 Castlereagh Street
SP21574 · 83 lots
- 263-265 Castlereagh Street
SP83567 · 60 lots
- 209 Castlereagh Street
SP92304 · 53 lots
- 64 Castlereagh Street
SP22232 · 39 lots
- 155-159 Castlereagh Street
SP22081 · 33 lots
- 70-70A Castlereagh Street
SP34794 · 31 lots
- 122 Castlereagh Street
SP17914 · 8 lots
More buildings managed by Direct Management Group Pty Ltd
- 1 Railway Parade, Burwood
SP88309 · 330 lots
- 88 Archer Street, Chatswood
SP93775 · 224 lots
- 6 Marquet Street, Rhodes
SP79398 · 210 lots
- 2A Brown Street, Ashfield
SP90092 · 120 lots
- 8 Mary Street, Rhodes
SP80000 · 110 lots
- 441 Alfred Street North, Neutral Bay
SP104 · 94 lots
Risk & History
Disputes & Tribunal Cases
3 published court/tribunal decisions involving this strata plan
Cases from NCAT, Supreme Court, Land & Environment Court, and other NSW courts and tribunals.
Management & governance disputes
2Strata manager or committee conduct, meetings and voting, records, insurance, compulsory appointment of a manager.
Owners - Strata Plan No 51487 v Broadsand Pty Ltd
Management disputeCONTRACT [90] - General contractual principles - Illegal and void contracts - Contracts illegal by statute - General principles - Nature of statutory prohibition - Entry into contract prohibited - ESTOPPEL [35] - Estoppel in pais - Matters against which estoppel does not prevail - Statutory provisions - Statute representing social policy for protection of section of public - REAL PROPERTY [440] - Strata titles - Body corporate - Management and control - Managing agent must be licensed - Whether agreement appointed "managing agent".
The Owners-Strata Plan No. 51487 v. Broadsand P/L
Management disputePRACTICE and PROCEDURE - stay of proceedings - concurrent claims to declare void Management Agreement for home units in Supreme Court and to modify agreement (as agreement whereby person performs work in an industry) in Industrial Relations Commission - applicant in Commission applies to stay proceedings in Supreme Court - consideration of principles - stay of proceedings refused.
Other decisions
1Procedural rulings (costs, stays, extensions of time) and matters outside strata law.
Broadsand Pty Ltd v The Owners - Strata Plan No.51487
OtherExpedition of proceedings - Delay in commencing proceedings - Application rejected because no demonstrated factor beyond the control of the applicant
Source: NSW Caselaw. Only published decisions are shown. Many disputes are resolved privately or through mediation and will not appear here. This is not a complete record of all disputes involving this strata plan. Categories are auto-classified and may not be 100% accurate.
Sales History
Recent Sales
| Date | Unit | Price |
|---|---|---|
| 8 Mar 2026 | Lot 3 | $850,000 |
| 5 Dec 2025 | Lot 175 | $1,700,000 |
| 9 Oct 2025 | Lot 2 | $688,000 |
| 6 Aug 2025 | Lot 46 | $532,000 |
| 25 June 2025 | Lot 104 | $1,080,000 |
| 13 June 2025 | Lot 31 | $1,150,000 |
| 17 Jan 2025 | Lot 132 | $1,600,000 |
| 8 Nov 2024 | Lot 140 | $1,428,000 |
| 3 Oct 2024 | Lot 199 | $2,075,000 |
| 30 Aug 2024 | Lot 45 | $825,000 |
110 sales total
Source: NSW Valuer General. Prices are as reported in settlement data and may not reflect current market values. Sales marked “Price withheld” are excluded from price calculations.
Development History
Original Construction · 131 dwellings
Estimated cost: $127K · Assessed by Council of the City of Sydney
Development Application
DeterminedNearbyMixed use development
PAN-45593
Development Application
DeterminedNearbySubdivision of land
PAN-23221
Development Application
DeterminedNearbyResidential flat building, Erection of a new structure, Tourist and visitor accommodation, Retail Premise
PAN-475359
Looking for the builder or developer?
Search for the application number (e.g., PAN-45593) on the NSW Planning Portal Application Tracker to view the full DA details, including the applicant, builder, and principal certifier.
Source: NSW Planning Portal Open Data API (2019+). Earlier development applications may not be available. Items marked "Nearby" were matched by location proximity (within 100m) rather than direct plan number reference.
Crime Statistics
These statistics cover the entire Sydney local government area, not this specific property.
Crime rates in Sydney LGA are significantly higher than the NSW state average. (Oct 2024 - Sep 2025)
Source: NSW Bureau of Crime Statistics and Research (BOCSAR). Rates are per 100,000 population. Rank is out of 119 LGAs (1 = highest rate).
Neighbourhood
Suburb Profile
SYDNEY, NSW 2000
Transport Accessibility
Transport Score: A
Excellent public transport access
Nearest Train
Town Hall
175m away · ~2 min walk
Nearest Metro
Gadigal
65m away · ~1 min walk
Nearest Light Rail
QVB
297m away · ~4 min walk
Nearest Ferry
Darling Harbour, King Street
1.1km away · ~13 min walk
Bus Stops
37 within 500m · 105 within 1km
Source: Transport for NSW GTFS data (CC BY 3.0 AU). Distances are straight-line (not walking). Walking times assume 80m/min. Transport Score is indicative only.
Short-Term Rentals Nearby
9
Listings within 200m
$221
Median / Night
2
Commercial Hosts
4
High Availability
Listing Types
Nearest Listings
Luxury CBD Apartment | City Views + Pool Access
$221
/night
Modern & Spacious City Centre Apartment
$255
/night
2BR/ Sydney CBD/Views Hyde Park/Families & Groups
$403
/night
Luxury 2BR Sydney CBD/Views/Families & Groups -LTL
N/A
Fabulous location heart of cbd
$400
/night
NSW Short-Term Rental Rules
- •180-day cap for non-hosted short-term rentals in Greater Sydney (60 days in some fire-prone or Byron Shire areas)
- •Strata schemes can ban non-hosted STRA via a Section 137A by-law (requires 75% special resolution)
- •All STR properties must be registered on the NSW STRA Register
Source: Inside Airbnb (CC BY 4.0). Data is from a periodic scrape of Airbnb listings and may not be current. "Commercial hosts" are those with 3+ total listings. "High availability" = listed 180+ days/year.
School Catchment Zones
This property falls within the following NSW government school intake areas.
Primary
Fort St PS
primary
Secondary
Inner Sydney HS
high coed
Source: NSW Department of Education. Catchment zones are updated nightly and subject to change. Visit School Finder for official information.
STRATA MANAGER
Direct Management Group Pty Ltd
View profile →
- Licence
- 10108515
- Last AGM
- Apr 2025
- Status
- active
BUILDING BASICS
- Lots
- 253
- Residential
- 253
- Year built
- 1995
- LGA
- SYDNEY