The VIC Strata Time Capsule: What’s Changed Since 2018?
Backed by legislative reform and driven by urban densification, Victoria is setting the pace for strata growth in Australia. These trends from the Australasian Strata Insights Reports (2018–2025) highlight how Victoria is shaping a dynamic and responsive strata landscape.
Victoria leads the nation in the number of strata schemes, with 128,896 schemes and a 9% increase in lots since 2022.
Here are the key takeaways from the reports:
Legislative Updates
The Owners Corporations and Other Acts Amendment Act 2021 aimed to modernise the sector by clarifying the duties of owner’s corporations and enhancing financial management practices.
Demographic Shifts
The growth in strata schemes aligns with urban densification policies and a demographic trend toward smaller households, particularly in metropolitan areas like Melbourne.
Explore the national and state specific comparisons:
Tarnee Lamb
Business Development Manager
