Insurance for Strata :: News
SHARE

Share this news item!

Insights from CHU's 2025 Strata Market Report

Exploring Key Trends and Challenges in the Australian Strata Industry

Insights from CHU's 2025 Strata Market Report?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.

CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current trends and challenges within the strata industry.
The report offers valuable insights into premium trends, climate-related risks, regulatory developments, and emerging sector challenges.

One of the key findings is the stability of strata insurance premiums. In the year leading up to June 2025, premiums increased by a modest 2.8%, averaging $981 per lot annually. This is in stark contrast to house insurance premiums, which surged by 14% during the same period. The report attributes this stability to the collective nature of strata properties, which can distribute risk more effectively than standalone houses.

However, the report also highlights the growing impact of climate-related events on the strata sector. The first half of 2025 saw a series of significant weather events, including Tropical Cyclone Zelia and widespread flooding across multiple states. These events underscore the need for strata communities to enhance their resilience and implement effective risk mitigation strategies.

Regulatory reforms are another focal point of the report. Several states have introduced measures aimed at improving transparency and accountability within the strata sector. For instance, New South Wales has implemented stricter disclosure requirements for strata managers, while Western Australia is moving towards professionalisation of strata management with proposed Certificate IV qualifications and defined role structures. These reforms are designed to enhance consumer protection and ensure higher standards of service within the industry.

Looking ahead, the report anticipates that affordability, climate resilience, and regulatory compliance will remain central themes for the strata sector. With major reforms scheduled in various states and ongoing assessments of climate-related risks, the industry is poised for continued evolution. Strata communities are encouraged to stay informed and proactive in adapting to these changes to ensure the long-term sustainability and resilience of their properties.

Published:Thursday, 12th Mar 2026
Source: Paige Estritori

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

Share this news item:

Insurance News

Insights from CHU's 2025 Strata Market Report
Insights from CHU's 2025 Strata Market Report
12 Mar 2026: Paige Estritori
CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current trends and challenges within the strata industry. The report offers valuable insights into premium trends, climate-related risks, regulatory developments, and emerging sector challenges. - read more
ICA Advocates for Strata Law Reforms in Victoria
ICA Advocates for Strata Law Reforms in Victoria
12 Mar 2026: Paige Estritori
The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, highlighting that inadequate governance and deferred maintenance are leading to increased insurance premiums for residents. With approximately one in five Victorians living in strata-titled properties, the impact of these issues is widespread and pressing. - read more
NSW Strata Managers to Eliminate Insurance Commissions by 2026
NSW Strata Managers to Eliminate Insurance Commissions by 2026
04 Mar 2026: Paige Estritori
In a significant move towards greater transparency, the Strata Community Association New South Wales (SCA NSW) has announced that, starting January 1, 2026, its members will phase out the acceptance of insurance commissions in their management contracts. This shift aims to replace traditional commission-based remuneration with a clear fee-for-service model, aligning with evolving industry standards and consumer expectations. - read more
Victoria Offers Latent Defects Insurance as Alternative to Strata Building Bond
Victoria Offers Latent Defects Insurance as Alternative to Strata Building Bond
04 Mar 2026: Paige Estritori
The Victorian Government has passed legislation introducing a developer-paid Strata Building Bond, establishing essential consumer protections for purchasers of new apartments. In alignment with this legislation, the government is progressing new regulations to allow developers to insure new apartment projects with a 10-year Latent Defects Insurance (LDI) policy, Resilience LDI, as an alternative to the traditional Strata Building Bond. - read more


Strata Insurance Articles

Understanding Strata Insurance: A Guide for Apartment Owners
Understanding Strata Insurance: A Guide for Apartment Owners
Strata insurance is a specific type of insurance policy designed to cover common property and areas shared by owners within a strata-titled development, such as an apartment complex. This unique insurance is crucial for apartment owners as it ensures financial protection against unexpected events affecting the building structure and common facilities. It typically covers parts of the property like the building’s exterior, lobbies, and gardens. - read more
Strata Insurance FAQs: Your Most Pressing Questions Answered
Strata Insurance FAQs: Your Most Pressing Questions Answered
In Australia, strata insurance is a crucial part of property ownership, offering peace of mind and financial protection. It's essential for property owners to understand what strata insurance entails and why it's so important. - read more
When to Involve a Broker: Navigating Insurance Claims in Strata Properties
When to Involve a Broker: Navigating Insurance Claims in Strata Properties
If you own a strata property, understanding your insurance is crucial. Strata insurance is a specific type of cover that protects shared and common property under a strata title or body corporate arrangement. This can include everything from the building itself to shared driveways, gardens, pools, or car parks. - read more
Key Factors That Affect Your Strata Insurance Premiums
Key Factors That Affect Your Strata Insurance Premiums
Strata insurance is a specialized form of coverage tailored for property owners living in multi-unit complexes. Understanding its intricacies can be crucial for ensuring that all aspects of shared ownership and communal property responsibilities are adequately protected. - read more
Knowledgebase
Public Liability Insurance:
A very broad term for insurance covering liability exposures for individuals and business owners. It provides broad coverage, generally including all exposures for property damage and bodily injury.