Strata Insights 2022 – Key Stats

Strata Community Association (SCA) in partnership with UNSW City Futures has recently launched the state-of-industry report, Australasian Strata Insights 2022, delivering critical insights into Australian and NZ’s strata sector.

Here’s some key stats. The full report is available via the UNSW City Futures Website.

• There are now more than three million strata and community-titled lots (units, townhouses etc.) in Australia.

• Strata-titled properties have an insured value of over $1.3 trillion.

• Each Australian state and territory, along with NZ, experienced growth in strata lots over the last two years.

• More than 200,000 new lots (units, townhouses etc.) were created in the last two years.

• More than half of people living in apartments in Australia are 20 – 39 years old.

• Half (50%) of Australia’s strata building stock was built before the year 2000, highlighting retrofitting need.

• The strata industry directly employs over 10,000 people and creates more than $7bn in economic activity.

• NSW recently became the first state to surpass one million strata lots with a 9 per cent growth over 2 years..

• The ACT had the highest growth rate in the last 2 years with a 19 per cent increase in lots since 2020.

• New Zealand has 164,246 lots across 15,180 schemes, somewhere between SA and WA in terms of size.