Tuesday, April 23, 2024

One-In-Six Australians Live In Apartments & Townhouses

At least one in six Australians are living in strata titled properties such as apartments and townhouses
  • A new report found up to 26% of Australians could be living in strata-titled properties
  • There has been a 7% growth of strata-titled properties in the last two years
  • This reflects both government policies and people’s current preferences

At least one in six Australians are living in strata titled properties such as apartments and townhouses and there’s been a 7% growth in the number of properties in the last two years, according to a new report from the University of New South Wales.

Professor Hazel Easthope, who led the research project team at UNSW, says both Australia and New Zealand have seen rapid growth in strata-titled dwellings in the last two years.

She adds strata-title property ownership began in Australia in the 1960s and has since become an important feature of the housing landscape across Australia.