Some Interesting Strata Statistics!

25 July 18

We all are aware that Governments (both State and local) are pushing people into high rise living. Population growth in the cities means that more and more high rise developments are inevitable.


I recently came across the interesting statistics below relating to strata, which were prepared by the City Futures Research Centre at the University of New South Wales.

 

 Australia wide – Percentage of

population living in apartments

 Number of Apartment Residents  Total Residents in Australia
 9%  2,200,793  23,717,418

 NSW – Percentage of

population living in apartments

 Number of Apartment Residents  Total Residents in NSW
 15%  1,129,464  7,564,945

 VIC – Percentage of

population living in apartments

 Number of Apartment Residents  Total Residents in VIC
 8%  471,317  5,946,959

 QLD – Percentage of

population living in apartments

 Number of Apartment Residents  Total Residents in QLD
 7%  357,947  4,844,547

 WA – Percentage of

population living in apartments

 Number of Apartment Residents  Total Residents in WA
 4%  90,795  2,517,851

 SA – Percentage of

population living in apartments

 Number of Apartment Residents  Total Residents in SA
 4%  69,063  1,674,787

 

These statistics are a snapshot from around the middle of 2015, and as the population of Australia has grown by over a million people since then it’s reasonable to assume that some of these figures may have grown significantly since then.


What I found surprising at first about the above statistics is the large percentage of the population that live in apartments in NSW, almost one in every six people in NSW and nearly double the percentage of Victorians and well above the Australia wide percentage. These numbers provide a variety of other interesting observations and comparisons, such as the number of people that were living in apartments in NSW was equal to 4.76% of the total Australian population, and equal to 67.44% of the population of South Australia.


To give further context to the numbers above:

 

  • The number of people living in apartments in Queensland was more than the entire population of the Sunshine Coast.
  • The number of people living in apartments in WA was three times the population of Busselton.
  • The number of people living in apartments in Victoria was almost five times the population of Ballarat.
  • The number of people living in apartments in SA was more than double the population of Mount Gambier.
  • The number of people living in apartments in NSW was almost four times the population of Wollongong.


On further considering the NSW figure it appears to reflect the fact that a large portion of the NSW population lives in the vicinity of Sydney and this of course has only been possible through the density achieved with strata living arrangements.


My personal observation of a growing number of strata developments in Melbourne and the continued property price and population growth in Melbourne over recent years leads me to believe that the percentage of Victorians living in apartments will have significantly increased since 2015. This is over and above what I suspect will be a significant increase across the board as more and more people are born in or move to the major cities of Australia.


My take away message from these statistics is that if you ever wondered where the future lies, jump into anything strata related now!


Liability limited by a scheme approved under Professional Standards Legislation
Disclaimer – This article is provided for information purposes only and should not be regarded as legal advice.

Share

Contact Us Now

Phone:+ 61 7 5552 6666
Fax:+ 61 7 5528 0955
Email:info@smh.net.au
Address:Level 2, 17 Welch St Southport, Qld, 4215
Postal:PO Box 1876
Southport 4215

Search

Search*
Search

Most Popular Articles

Management Rights News

Number of news items returned: 1 to 15 records of 79

The Different Types of Caretaking Agreements

17 November 2014

(9345 views)

 Essentially, there are three types of caretaking agreements in the marketplace: “Do” agreements; “Supervisory” agreements; Hybrid “Do” and “Supervisory” agreements. “Do” Agreements A “Do” agreement ...

Unit Entitlement in NSW

11 February 2013

(7798 views)

The issue of unit entitlement was recently looked at again as part of the Department of Fair Trading’s Discussion Paper ...

What Managers Need to know about the NSW Child Window Safety Devices Act 2013

17 January 2014

(6296 views)

Resident building managers have general obligations under their Caretaking Agreements to assist Owners Corporations with building and compliance issues. Managers ...

Is it Time to Change the Management Rights Model?

13 May 2013

(6004 views)

I think the time is right for the management rights industry to explore the creation of a new model. I ...

CARETAKING AND LETTING AGREEMENT ESSENTIALS PART 5: DISPUTE RESOLUTION AND TERMINATION

16 July 2015

(5838 views)

This month, we continue our examination of various clauses within caretaking and letting agreements and the important considerations to be ...

The Law Relating to Management Rights in Queensland

14 June 2010

(4784 views)

This article looks at the legislation in Queensland dealing with the constraints and obligations imposed on developers whilst they control ...

Be Careful with your Proxies!

03 October 2013

(4726 views)

In June this year, I wrote an article headed “Proxy Farming”, which set out the relevant restrictions on caretakers using ...

Duty Bound or Duty Free - Do you know what Your Duties Are?

23 September 2013

(4321 views)

The day-to-day care and maintenance of your resort facilities and communal areas is essential to its ongoing performance and success. ...

Owners Corporation Insurance - How do we Stop the Spiraling Costs?

12 August 2013

(4142 views)

In NSW, all strata schemes are required to be insured for the full replacement value, as well as public liability ...

Proxy Farming

10 June 2013

(3883 views)

It is often stated that Strata and Community Schemes represent the “fourth tier of Government” and, as such, voting (either ...

Caretaking and Letting Agreement Essentials Part 1

03 September 2014

(3797 views)

We regularly prepare caretaking and letting agreements for new developments. However, it has become increasingly common for us to be ...

For Your Eyes Only!

15 April 2013

(3781 views)

Information is a commodity and for many, information is power. As you would most likely know from personal experience, the right ...

"Legal Action", All those in Favour say "Why"

15 July 2013

(3756 views)

I was recently involved in a New South Wales matter where an Executive Committee had received extensive legal advice from ...

Being Aware of your Rights and Responsibilities

14 January 2013

(3440 views)

Every resident building manager in NSW should have a copy of the booklet issued by the Department of Fair Trading ...

Manged Investment Schemes

15 July 2008

(3422 views)

You may have heard the terms ‘MIA’ or ‘Managed Investments Scheme’ and wondered what it’s all about. If you operate ...