Liability Insurance Australia :: News
SHARE

Share this news item!

Australia's Strata Property Market Surpasses $1.4 Trillion in Value

Understanding the Growth and Challenges in the Strata Sector

Australia's Strata Property Market Surpasses $1.4 Trillion in Value?w=400

⚠️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.

Recent industry reports reveal that the insured value of strata properties in Australia has reached an estimated $1.4 trillion.
This significant milestone underscores the growing prominence of strata living, with approximately 4.2 million Australians-about 15% of the population-residing in such properties.
This marks an increase of 200,000 residents since 2022.

State-wise, New South Wales leads with strata property values totaling $486 billion, followed closely by Victoria at $471 billion, Queensland at $245 billion, and Western Australia at $112 billion. The remaining states and territories contribute to the overall valuation, reflecting the nationwide adoption of strata living.

Demographically, nearly half of all strata buildings comprise fewer than 20 lots, while larger complexes with at least 100 lots accommodate 21% of residents. Notably, 48% of apartment dwellers are aged between 20 and 39, and 46% were born overseas, highlighting the sector's appeal to younger and diverse populations.

However, the aging infrastructure presents challenges. Nearly half of all strata buildings are over 25 years old, necessitating increased maintenance and upgrades. The Strata Community Association (SCA), in collaboration with the University of NSW City Futures Research Centre, emphasizes the need for improved building quality, robust insurance protections, and enhanced regulatory standards to ensure the sustainability of strata living.

Joshua Baldwin, President of SCA Australasia, stated, "Strata is a way of life for millions, and we must ensure it remains sustainable and well-managed." He advocates for collaborative efforts among government bodies, industry leaders, and stakeholders to address the evolving needs of the strata community.

Given that almost all private apartments in Australia are strata-titled, along with some townhouses and detached houses in planned estates, the sector's growth and associated challenges have far-reaching implications. Property owners and investors are encouraged to stay informed about maintenance requirements, insurance coverage, and regulatory changes to safeguard their investments and ensure the longevity of their properties.

Published:Thursday, 8th Jan 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Calls for Super Funds to Accelerate Mental Health Insurance Claims Processing
Calls for Super Funds to Accelerate Mental Health Insurance Claims Processing
11 Jan 2026: Paige Estritori
Consumer advocates are raising concerns over significant delays in processing mental health-related insurance claims by Australian superannuation funds. As mental health conditions become a leading cause of total and permanent disability (TPD) claims, the efficiency of claim processing has come under scrutiny. - read more
GT Insurance Provides Flexible Solutions Amid Global Trade Shifts
GT Insurance Provides Flexible Solutions Amid Global Trade Shifts
11 Jan 2026: Paige Estritori
As global trade dynamics undergo significant shifts, GT Insurance is reaffirming its commitment to supporting marine clients navigating these challenges. The recent imposition of US tariffs-25% on Australian steel and aluminium, and 10% on other exported goods-has introduced new uncertainties for local exporters, particularly in sectors like beef and bulk freight. These tariffs, effective from April 5, 2025, have prompted concerns about declining export volumes and reduced freight margins. - read more
Northern Australian Marinas Struggle with Rising Insurance Costs
Northern Australian Marinas Struggle with Rising Insurance Costs
11 Jan 2026: Paige Estritori
Marina operators in Northern Australia are confronting a significant crisis as insurance premiums escalate dramatically, with some experiencing increases exceeding 300% over recent years. This surge in costs is placing immense financial strain on the industry, prompting urgent calls for government intervention. - read more
Significant Rise in Australian Home Insurance Premiums in 2025
Significant Rise in Australian Home Insurance Premiums in 2025
11 Jan 2026: Paige Estritori
In 2025, Australian homeowners experienced a substantial increase in home and contents insurance premiums, with the average annual premium rising by 14%, equating to an additional $343. This surge has placed a significant financial burden on many households, prompting concerns about the affordability and accessibility of essential insurance coverage. - read more
Australian Insurers Under Fire for Steep Premium Increases Amid Record Profits
Australian Insurers Under Fire for Steep Premium Increases Amid Record Profits
11 Jan 2026: Paige Estritori
In recent times, Australian insurers have come under intense scrutiny for implementing substantial premium increases, with some homeowners experiencing hikes of up to 600%. This trend has sparked widespread concern among consumers and advocacy groups, especially in light of the industry's record profits. - read more


Business Insurance Articles

Key Benefits of Comparing Public Liability Insurance Rates for Australian Businesses
Key Benefits of Comparing Public Liability Insurance Rates for Australian Businesses
As an Australian business owner, you face numerous financial risks daily. Accidents can happen at any time, whether it's a slip and fall on your premises or damage caused by your products or services. These incidents can lead to costly legal actions that may put significant strain on your business finances. - read more
Public Liability Insurance for Events: What Organizers Need to Consider
Public Liability Insurance for Events: What Organizers Need to Consider
Public liability insurance is a type of coverage designed to protect businesses and individuals from the financial fallout associated with claims for injury or damage caused to third parties. It is particularly crucial for event organizers, who are responsible for ensuring the safety and security of attendees, vendors, and participants. - read more
Proven Strategies for Slashing Your Business Liability Insurance Costs
Proven Strategies for Slashing Your Business Liability Insurance Costs
Welcome to our comprehensive guide on public liability insurance, an essential safeguard for businesses across Australia. Navigating the complexities of liability insurance can be a daunting task for many business owners, but it’s a critical component of your business protection plan. If incidents such as accidents or property damage occur, liability insurance is the barrier that stands between your business and financial calamity. - read more
Understanding The Costs: How Much Does Public Liability Insurance Typically Cost?
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
Reducing Your Risks: Public Liability Coverage Tips for Trade Professionals
Reducing Your Risks: Public Liability Coverage Tips for Trade Professionals
For tradesmen and trade professionals, venturing into the world of business comes with its set of challenges and risks. Among the myriad of precautions to consider, one critical safeguard stands out for its ability to protect both the tradesperson and their clients: Public Liability Insurance. This form of coverage is not just a safety net; it is a cornerstone of a responsible business practice within the trade industry. - read more


Start Here !
Your free liability insurance quote comparison starts here!
Cover Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
No-Fault Insurance:
A type of car insurance where your insurer pays for your damages regardless of who is at fault in an accident.