apartments sydney
The NSW Government says the hub will make life easier for all strata stakeholders. Image – Canva
  • Hub will consolidate core info about NSW 82,000 strata schemes in one place
  • Information collected during the construction phase will be stored in the system
  • Hub will allow regulators to monitor maintenance

Kevin Anderson, the New South Wales Minister for Better Regulation and Innovation, has announced the Government will open consultation on a proposed centralised digital strata hub.

The hub is being designed in response to the transformation of the construction and building sector into a more customer-centric and transparent industry.

In particular, the hub will consolidate information about NSW’s 82,000 strata schemes in one place.

Mr Anderson believes this will benefit all the stakeholders of a strata scheme – including those who build it, remarking that information gathered during the construction phase will be placed into the system.

“In the last twelve months we have delivered landmark reforms that give homeowners peace of mind that they are buying a safe and expertly designed apartment, protected by strong and modernised laws,” Mr Anderson said.

“The next step is to ensure well-built properties continue to be maintained and managed successfully, to ensure we have a safe and strong strata sector in NSW.”

Another side-effect of the proposed hub is to allow regulators to monitor each strata building was a way of ensuring maintenance is not neglected.

Under legislation – which is yet to be passed – owners corporations must report certain information such as annual fire safety statements, address for service of notices along with litigation relating to defects and contact details for the strata scheme.

This includes managing the building defect bond which pays fir any defects found within the first 24 months of the completion of a building.

“Whether you are a strata owner, occupier or prospective buyer, we want to make your life easier by making all the information relevant to your scheme available on one easy-to-use platform,” said Victor Dominello, the Minister for Customer Service.

“This is about using technology to help strata communities and prospective buyers to make more informed decisions about their future.”


Before making any investment decisions, please do your own independent research, taking into account your own situation. This article does not purport to provide financial or investment advice. See our Terms of Use.

You May Also Like

New laws attract overseas investors for build-to-rent housing

Laws lowered to incentivise foreign build-to-rent deals, growing Australia’s rental stock.

Japanese capital dominates Australian property investment

Japanese investment surged to over $2 billion as top Australia offshore buyers in 2023.

Australian property investing: Know when to hold them, know when to fold them

There are a wide range of factors to consider.

ATO to crack down on property investors through data-matching

Nine in ten rental property owners are getting their tax returns wrong

Top Articles

PropertyGuru Asia Property Awards (Australia) returns for its 7th edition, including several brand new award ...

This year's awards include several brand new categories, with entries closing 2 August 2024.

Rentvesting in Australia: A deep dive

Rentvesting offers an alternative path into the property market for priced-out first-time buyers.

Housing crisis survival guide: How to buy your first Australian property

Three property experts give the low down on how to nab a home in this tough housing market.