Schemes within Schemes

In there’s an interesting trend in more complex integrated developments that the latest figures in community title schemes reveal.

In NSW there’s currently –

• 589 Community Schemes           
• 24 Precinct Schemes           
• 1295 Neighbourhood schemes
• 69565 Strata Schemes

Neighbourhood schemes also split into –

• 1064 stand alone Neighbourhood Schemes
• 230 Neighbourhood Schemes in a Community Scheme

There’s 644 subsidiary Strata Schemes within a Community Scheme.

And, there’s 20228 strata lots in Community Schemes

These figures reveal that strata schemes within a community scheme have an average size of 31 lots per scheme. This compares to an average of 10 lots for strata schemes generally.

So, whilst the number of community plans remains quite low in comparison to the overall number of strata schemes, the size and scale of community schemes make them an important subdivision option.

And, it seems that larger strata corporations are becoming concentrated in multi-tier and layered developments. Which means the focus of managers, service providers and regulators needs to shift (or bifurcate) towards this more complex and challenging buildings.

So, see you at the multi-scheme meeting/s.

Francesco …