Tuesday, September 29, 2020

Who lives in an apartment in VIC? | VIC Strata Data

Who lives in an apartment in VIC?

VIC Strata Data & Statistics – May 2018

The first comprehensive national report of the strata and community title sector reveals there are about 2.6 million strata title lots in Australia with an insured value of $995 billion.

The document, the Australian National Strata Data Report, highlights the economic value of the sector to the national economy and will be an invaluable tool for policy makers deciding the framework in which the strata industry operates, the report’s creators say.

Strata properties play a central role in the delivery of housing and in urban governance. They are crucial to the future of our cities. Yet there have been no reliable national figures collated or published in Australia on the number of strata schemes (plans) and lots (units), the number of people employed in the strata management industry, or the estimated value of property owned under strata title.

This project, supported by Strata Community Association who are the peak body for the strata industry in Australia, provides the first comprehensive national picture of the strata industry. The national (and state and territory) information sheets provide information on the number of strata properties, their value, the demographic characteristics of their residents, and the professionals employed to serve them. The accompanying report provides detail on the data collection methodology.

Who lives in an apartment in VIC?

QUICK FACTS – VIC STRATA DATA

  • In VIC, about 8% of the population live in apartments (471,317)
  • Less than half of all apartment residents are born in Australia (42%)
  • Half of all apartment residents speak English at home (50%)
  • More apartment households rent than are owner-occupied (50%)
  • More than half of all apartment residents are 20-39 years old (57%)
  • More people live alone in Strata than with others (39%)
  • There are 101,298 strata schemes in Victoria
  • There are 771,939 strata lots in Victoria
  • Strata managers accounts for 1,020 employees
  • Strata management companies represent 28% of the market in VIC

Strata Data Reports: Who lives in an Apartment?  AustraliaNSWQLDSAWAACTTASNT

Strataville Editorial
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