Strata Insights 2024

Archive for the "Sector News" Category

  • Strata Insights 2024

    NSW leads Australia’s strata boom: 17% of residents live in strata properties, with 1.07 million lots valued at $486 billion. Most residents are young, multicultural renters.

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  • federal-budget

    Federal Budget 2025–26
    Housing Sector Highlights

    Sydney’s $1.3M Help to Buy cap boosts apartment accessibility for first home buyers, supporting affordability and demand in the city’s strata property market.

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  • strata-reforms-2025

    What the New Strata Laws
    Mean for You in 2025

    NSW introduces major strata reforms for 2025, enhancing maintenance powers, sustainability measures, and committee training while streamlining processes for community improvements.

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  • nsw-fair-trading-entry-powers-strata-schemes

    New Entry Powers Proposed
    for Strata Properties

    NSW Fair Trading seeks powers to enter strata buildings when maintenance issues are suspected. Industry divided over privacy concerns vs enforcement needs.

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  • strata-disclosures

    New Strata Disclosure Laws

    Strata disclosures Major reforms to strata management regulation in New South Wales are set to take effect in early 2025, introducing new changes to disclosure requirements for strata managing agents. The reforms aim to increase transparency and accountability in the sector while providing owners corporations with greater oversight of their strata schemes. Enhanced Disclosure Requirements […]

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  • neighbour-day

    Neighbour Day 2024

    Fostering belonging in strata living In the context of strata living, where residents share not only walls but also communal spaces and responsibilities, the theme ‘Create Belonging | Share Belonging’ from Neighbours Every Day takes on added significance. Strata communities, with their unique blend of private and shared living spaces, present both opportunities and challenges […]

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  • strata-reforms-2024

    Crystal Ball for Strata Reforms in 2024

    Likely strata reforms to take place in 2024 The pace of strata reforms is poised to accelerate in 2024 with the new Property Services and Strata Commissioner, John Minns about to embark on the next stage of a major overhaul of legislation and regulation. 2023 closed with the passage of the first major updates to […]

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  • medium-density-housing

    Planning reforms to fast track
    low & medium density

    NSW Government challenges Councils to “go further than” the Government’s new policy – allowing 112,000 new homes. On 23 November 2023 the State of New South Wales announced planning changes that it claims will fast-track a greater diversity of low and medium density housing where it is not currently allowed. Councils all have different planning […]

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