Strata Title began on 1 July 1961 with New South Wales producing the world’s first legislation. This legislation has evolved over the years to meet the changing needs of strata developments and has been adopted and modified by many other countries throughout the world. New South Wales is certainly the leader in this area and recently recorded its 50th anniversary.
Back in the 1960s, the average strata development was a single or two-storey red brick building with a bank of carports at the rear. The modern strata scheme can contain hundreds of lots and be a mix of residential and commercial with hotels, shopping centres, car parks and marinas.
Strata Schemes Management Act of 2015, due to commence on 30 November 2016.
Here at Chris Darby Strata, we started our involvement in strata in the late 1960s, and along with the legislation, we too have evolved over the years. We now manage buildings from small duplexes through to industrial and commercial schemes and large strata schemes. We can manage your scheme regardless of size, and we will provide the same personal and professional service to the small buildings as we do to the large luxurious schemes under our control.
Showing exponential growth over recent years, Strata is quickly becoming one of the most common forms of residential property ownership in Australia. Over the coming decades, it is expected that over half of all new residential dwelling built in metropolitan areas will be Strata Titled. This fast pace growth demonstrates the important role Strata Managers will continue to play in the community, and the team at Christ Darby Strata are more than willing and able to assist in the sound management of your scheme.
Research undertaken by the City Future Research Centre indicates that in 2015, there were 70,591 residential strata schemes in NSW, with the number only expected to increase as development and innovation continues within NSW. There has also been an acute increase in investor- owned properties, with 53.1% of all Strata registered lots owned by investors as at the 31 December 2015
Over the 2013-2015 period, 78 strata schemes were registered in the Wollongong area alone, resulting in the creation of 620 new lots. With a total of 2,352 residential Strata Schemes in Wollongong alone, and an astounding 16,303 registered Strata Lots (as at 31 December 2016), Chris Darby Strata has specialised local experience, making them the obvious choice for all you Strata Management Needs.