1 in 10 Australians live in strata units but know little about what it means

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Posted on Posted in Hints for Strata Living, News, Strata Compliance

apartment blockGreat article from UNSW TV on living in strata units and what it means:

One in 10 Australians live in strata titled homes such as apartments or townhouses; in Sydney it’s closer to one in four. A UNSW study has found there are major problems with strata living, including ongoing building defects and management issues.

One in ten Australians live in strata titled homes such as apartments or townhouses; in Sydney it’s closer to one in four. But how much do we know about strata title living and what it involves?

The University of New South Wales has completed a major study of strata titled homes in NSW, finding a surprising 85 per cent of strata owners in the survey reporting defects in new buildings, and that three in four of these said the defects had not been fixed.

The study, headed by Dr Hazel Easthope,  research fellow at the City Futures Research Centre at UNSW’s Faculty of Built Environment,  is the first to look into the experiences of Australia’s three million people who live in the fast growing number of strata title dwellings and found there are major problems with strata living.

NSW Fair Trading is conducting its own review of strata law with results due next year and the UNSW study will be a valuable source.

The study was released at a forum on strata titles held at The Mint in Macquarie Street, Sydney, May 21, 2012. NSW Minister for Fair Trading Anthony Roberts will launch the study and a panel discussion on the report will be held by Dr Hazel Easthope, Prof. Bill Randolph (UNSW City Futures Research Centre), Mr Roberts, Stephen Goddard (Chair, Owners Corporation Network Australia) and David Ferguson (President, Strata Community Australia – NSW).

Check out this video link – Strata Title Living – How Much do you Know?

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