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.
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.
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.
Strata Energy News
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Contact Editor: Ross McIntyre