About Strata Consultants • Body Corporate Management Melbourne

The 21st century will go down in history as the Century of Urbanisation; for the first time in human history the majority of people will live in urban areas. It is estimated that by 2030 half of all Australians will reside in the cities.

With this shift towards urban living comes the rapid growth in Strata Title properties across Australia’s major cities. There are currently 270,000 owners corporations (known as body corporates in some states), amounting to 2,000,000 lots and property worth in excess of $500 billion.

Urban planning policies around Australia are targeting annual growth of more than 10% for the next 15-25 years. In Melbourne it is estimated that there will be 17,000 new strata lots coming online in 2017.

This growth in strata and increase in new developments will mean challenges for both owners and body corporate management companies alike. Modern developments and buildings have evolved to become complicated entities with numerous facilities, amenities and OC’s. This turn means that the laws and regulations governing owners corporations also become more complex.

We’re here to bring help parties together to ensure harmonious living. We do this by meeting with body corporate Committees to understand their issues and helping them to uncover the best possible solutions.

 

 

Strata Title in Victoria

In Victoria there are 88,475 body corporates / owners corporations. This amounts to 747,336 Strata Titled lots. About 1.5m Victorians or 1 in 4 people in Victoria either live in or affected by a body corporate / owners corporation. Every year more than $1 billion in body corporate levies is collected and spent.

Consumer Affairs Victoria (CAV) is the regulatory body that oversees Body Corporates / Owners Corporations.

Strata Title disputes are handled through the Victorian Civil & Administrative Tribunal (VCAT).

Legislation that govern Owners Corporations in Victoria include:

Strata Title in NSW

New South Wales currently has around 75,000 strata schemes / owners corporations representing over $350 billion in property assets. NSW Fair Trading is the regulatory body responsible for overseeing the governance of the Strata Schemes Management Act 1996.

Strata Title disputes are handled through the NSW Civil & Administrative Tribunal (NCAT).

Legislation that govern Strata Schemes in NSW include: