Australian National Strata Data Report

The first comprehensive national report of the strata and community title sector reveals there are about 2.6 million strata title lots in Australia with an insured value of $995 billion.

​The Australian National Strata Data Report was launched at the Strata Community Association (SCA) National Conference in Hobart earlier this month.  SCA supported the project which was conducted by the City Futures Research Centre at the University of NSW.

Co-author Associate Professor Hazel Easthope said that the report highlighted the economic value of the strata industry to the national economy.

“The vast majority of private apartments in Australia, as well as many other attached properties, such as townhouses and commercial properties, are owned under strata title, and this is the first time we have had figures about the scale and value of the sector,” Associate Professor Easthope said.

Erik Adriaanse, CEO of Strata Community Association, commented "The report will be a huge opportunity to assess what the sector does, how big it is, how the economy benefits from the goods and services it supplies, and the extent these services contribute to national income."

The strata industry directly employs approximately 9,000 people.  In 2017 it was serviced by more than 3 million callout trade jobs and around 440,000 services from professionals such as lawyers, valuers, engineers, accountants, and insurers.

For further reading try the UNSW Newsroom or your can download the full report from UNSW City Futures.

Ross McIntyre
Contributor, Strata Energy News 

Strata managers can now register buildings in the City of Sydney and in Melbourne for a fully funded electric vehicle recharge assessment. Registrations for Brisbane have closed. However, if you're interested in learning more contact Scott Witheridge on (02) 9977 1801. Read more about the program here.