City Futures Reports about NSW Strata Title

As you'll know from my earlier blogs the clever people at the City Futures Research Centre at UNSW are studying NSW strata title.

And as part of their study they publish STRATA DATA Residential Strata in NSW which captures and reports on the state of NSW strata title.  Issue 4 has just been released for October 2011 and you can get a copy here.

It contains many interesting facts including that between July 2010 and July 2011 -

• there was an overall increase of approximately 3% (1,957 schemes) in the total number of residential strata schemes in NSW
• there was an overall increase of 27,941 lots (close to 5%) across NSW
• there was very little change in the balance of owner occupation to investor ownership in strata schemes across NSW (from 53.2% to 52.8% investor owned).
• the number of strata schemes with 100 lots or more registered in NSW increased by 25 schemes, or 8%, to 326
• the percentage of residential strata schemes in NSW registered more than 30 years before increased from 19.6% to 22.6%

So things in NSW strata just keep going on.

Francesco ...