A new report examines the growth and demographics associated with apartment living in Australia and New Zealand.
One in five Australians and one in twenty New Zealanders live in strata-titled properties, according to a new transnational report from UNSW’s City Futures Research Centre.
There are almost 3 million strata and community-titled properties in Australia, with an insured value of over $1.1 trillion, representing a growth in value of over $100 million in the past two years. New South Wales currently has the largest number of strata lots (units) (more than 960,000), but Victoria has the most schemes (developments) (almost 116,000).
The Australasian Strata Insights 2020 Report provides a comprehensive picture of the strata industry in Australia and New Zealand, extending on the first Australian National Strata Data Analysis in 2018 with the inclusion of New Zealand data. It provides an invaluable tool for policy makers instigating changes to the framework for the strata industry.