Strata’s popularity continues
Strata have continued to be popular because of the many advantages mentioned above.Since the concept of strata ownership was introduced in Australia six decades ago, its popularity among property owners has increased significantly.New report shows there is no
Strata’s popularity continues
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Presentation Transcript
Strata title was first introduced in 1961 in the state of New South Wales There are almost 3 million strata and community-titled properties in Australia, with an insured value of over $1.1 trillion National one in ten Australians now reside in apartments, villas, units or townhouses. New South Wales is home to the largest number of strata dwellers. In that state, 15 per cent of the population (or 7,564,945 residents) choose to live in strata-titled homes. In Queensland, 7 per cent of the state’s 4.84 million residents opt to live in strata titled homes, while South Australia boasts the lowest number of all major states. The growth in the popularity of attached dwellings can be credited to two reasons. The growth in the popularity of attached dwellings can be credited to two reasons. The second is government policies to promote building up (rather than out) within existing urban areas. Source : https://bit.ly/2QtW0fu