Liability Insurance Australia :: News

Share this news item!

Strata Properties in Australia Reach $1.4 Trillion in Value

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The insured value of strata properties across Australia has soared to an estimated $1.4 trillion, according to a recent industry report.

This significant figure highlights the growing importance of the strata sector, which now encompasses properties worth $486 billion in New South Wales, $471 billion in Victoria, $245 billion in Queensland, and $112 billion in Western Australia.

South Australia, the Australian Capital Territory, Tasmania, and the Northern Territory round out the country's strata market.

The report also points out that 4.2 million Australians, about 15% of the national population, reside in strata-titled properties. This marks an increase of 200,000 residents since 2022. Strata living is particularly significant in urban locales, where it has become an integral part of the lifestyle for many.

The composition of strata properties is varied, with half of all buildings containing fewer than 20 lots. In contrast, larger complexes with a minimum of 100 lots accommodate 21% of strata residents. The demographic distribution shows that nearly half of the apartment inhabitants are aged between 20 and 39, and a similar proportion were born overseas, underscoring the diversity within these communities.

As considerable portions of Australia's urban population opt for strata living, the need for sustainable management and upgrades of older buildings becomes apparent. Nearly half of these structures are over 25 years old, prompting calls for enhanced maintenance, quality assurance, and regulatory measures. With strata developments serving as a 'way of life for millions,' ensuring their long-term viability is now more crucial than ever.

The Strata Community Association, in collaboration with the University of NSW City Futures Research Centre, underscores the necessity for concerted efforts among government, industry players, and stakeholders to uphold the quality and standards of strata properties. Proactive solutions are needed to address the challenges of older buildings and the expectations of a diverse population increasingly choosing strata living for its convenience and communal benefits.

The focus is now on implementing strong regulatory frameworks and advocating for improvements in building quality and insurance protections. The Strata Community Association calls for unified action to shape the future of strata living in Australia. This entails a strategic approach involving policy adjustments and innovations in building management practices to cater to the evolving needs of the strata sector.

As the majority of privately-owned apartments and certain townhouses and houses in planned estates are now strata-titled, the role of strata communities is set to expand further. Future developments may include legislative updates, investment in infrastructure improvements, and educational initiatives to guide property owners and managers in fostering sustainable and thriving communities.

Published:Tuesday, 8th Apr 2025
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

Why rural heavy vehicle safety matters for insurance

22 Jul 2026: Paige Estritori

The National Heavy Vehicle Regulator’s latest focus on agricultural heavy vehicle safety is a timely reminder for farm, livestock, grain and regional freight operators: safety standards are not just a compliance issue. They can also shape claims outcomes, business interruption, liability exposure and future access to affordable truck insurance. - read more

Why Life Insurance Advice Reform Matters for Australians

22 Jul 2026: Paige Estritori

A fresh industry push for financial advice reform is putting a spotlight on a problem many Australians quietly face: having life insurance in place, often through superannuation, but not fully understanding what it covers, when it pays, or whether it still matches their circumstances. - read more

Australians Urged to Check Life Insurance Held Through Super

22 Jul 2026: Paige Estritori

New industry research has put a sharp focus on one of the most common but least understood forms of financial protection in Australia: life insurance held through superannuation. - read more

What Allianz’s Farm Cover Revamp Means for Farmers

21 Jul 2026: Paige Estritori

Allianz Australia has refreshed its farm pack insurance, with the updated product announced on 20 July 2026. For farmers and rural property owners, the significance is less about one insurer changing a product and more about what it signals across the broader farm insurance market: insurers are trying to make cover easier to understand while adjusting policy features to better match modern farming operations. - read more

New APRA Data Highlights a Split Professional Indemnity Market

21 Jul 2026: Paige Estritori

Fresh analysis of APRA’s latest National Claims and Policies Database has added useful detail to the current professional indemnity insurance conversation. The database, released in early July 2026, covers professional indemnity, public liability and product liability policy and claims information, giving insurers, brokers and business owners a clearer view of how different parts of the liability market are moving. - read more

Click for more Insurance News

Business Insurance Articles

Understanding Liability Insurance: A Must-Read for Australian Business Owners

As a business owner in Australia, navigating the complexities of insurance is crucial to safeguard your enterprise against unforeseen events. Liability insurance emerges as a cornerstone of a sound risk management plan, protecting you financially when held responsible for accidents, injuries or negligence. Its importance cannot be understated, as it serves not only to defend your business assets but also to ensure peace of mind in a climate of continually evolving liabilities. - read more

The Smart Business Approach: How to Effectively Compare Public Liability Insurance Rates

Running a business comes with inherent financial risks. Whether you own a small café or a large construction company, unforeseen incidents can lead to significant financial losses. - read more

Understanding The Costs: How Much Does Public Liability Insurance Typically Cost?

Public liability insurance is a crucial form of protection for both businesses and individuals, safeguarding them against potential claims for personal injury or property damage that occur as a result of their operations or services. In an increasingly litigious society, having this coverage can mean the difference between staying afloat financially and facing business closure due to unexpected claims. - read more

Is Your Business Fully Protected? Top Signs It’s Time to Renew Your Liability Insurance

As a business owner, one of your top priorities is safeguarding your enterprise from unforeseen events that could lead to financial liabilities. Liability insurance is the cornerstone of this protection, offering a safety net against claims that could otherwise derail your business's financial stability. However, it's not just about having insurance; it's crucial to ensure your coverage is current and adequate for your evolving business requirements. - read more

How Public Liability Insurance Can Save Your Business During a Crisis

Public liability insurance is designed to protect your business from financial loss if you are found liable for causing injury or property damage to a third party. This type of insurance covers legal costs and any compensation claims that might arise from accidents or incidents involving your business operations. - read more

Start Here !

Knowledgebase

Rider:
An optional provision added to an insurance policy that provides additional benefits or coverage.

This website is owned and operated by Clark Family Pty Ltd (as Trustee for the Clark Family Trust) 43 Larch Street Tallebudgera QLD 4228, A.C.N. 010281008, authorised Financial Services Representative of Unique Group Broker Services Pty Ltd, Australian Financial Services License 509434. Visit the ASIC website for additional licensing information.

IMPORTANT: We are neither authorised nor licensed to provide finance or financial products and we do not offer any form of credit or other financial advice. All product enquiries and requests for financial and/or other advice on this website are referred to third party intermediaries, insurers and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for vaidating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.

Strata Properties in Australia Reach $1.4 Trillion in Value

Strata Properties in Australia Reach $1.4 Trillion in Value

Share this news item:

Start here!