The NSW government is considering a historic ban on a system of payments that has quietly inflated the cost of apartment living across the state. The proposed reform could save apartment owners a collective $333 million — a figure significant enough to cause strata managers to take what has been described as “high offence.” With apartment living now the norm for a growing share of Australians, particularly in Sydney, the outcome of this policy debate could have material consequences for hundreds of thousands of households. The strata management industry’s fierce resistance hints at just how lucrative the existing arrangements have been.
A $333 Million Idea That Strata Managers Don’t Want to Hear
