- NSW Strata Managers to Eliminate Insurance Commissions by 2026
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.
- Victoria Offers Latent Defects Insurance as Alternative to Strata Building Bond
The Victorian Government has passed legislation introducing a developer-paid Strata Building Bond, establishing essential consumer protections for purchasers of new apartments.
- ICA Advocates for Strata Law Reforms in Victoria to Curb Rising Insurance Costs
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.
- Sure Insurance's Enhanced Strata Coverage: A Boon for Queensland
In a significant move to tackle affordability issues and improve access to insurance, Sure Insurance has increased its residential strata insurance cover to $20 million in replacement value for apartment complexes. This expansion aims to include higher-valued apartment complexes and boost competition in Northern and Regional Queensland.
- Insights from CHU's 2025 Strata Market Report
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.
- Addressing Rising Insurance Costs: ICA's Call for Strata Law Reforms in Victoria
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.
- CHU Revamps Residential Strata Insurance Policies
In August 2025, CHU, Australia's largest strata underwriting agency, announced significant updates to its residential strata insurance policies. These enhancements are designed to address evolving customer needs by removing complexities, bridging coverage gaps, and ensuring better protection for strata residents.
- NSW Implements Stricter Strata Maintenance Regulations
In November 2025, New South Wales (NSW) introduced a series of reforms aimed at strengthening the maintenance and repair obligations of strata properties. These changes empower NSW Fair Trading to issue compliance notices and enter enforceable undertakings with owners' corporations that fail to maintain and repair common property as required.
- NSW Strata Managers to Eliminate Insurance Commissions by 2026
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.
- Insurance Capacity Constraints Impact High-End Strata Properties in Australia
High-end strata properties in Australia are currently facing significant challenges in securing adequate insurance coverage, as the market grapples with capacity constraints. This issue is particularly pronounced for buildings with property values exceeding $300 million, where limited insurer participation is leading to coverage shortfalls and increased premiums.
- Australian Strata Property Values Soar to $1.4 Trillion
The Australian strata property market has experienced significant growth, with the insured value of strata properties now estimated at $1.4 trillion. This substantial figure underscores the increasing prominence of strata living in the nation's housing landscape.
- ICA Advocates for Strata Law Reforms in Victoria to Curb Rising Insurance Costs
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.
- CHU's 2025 Strata Market Report: Navigating Stability and Emerging Challenges
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.
- CHU's 2025 Strata Market Report Highlights Industry Stability
In November 2025, CHU, Australia's largest strata insurance underwriting agency, 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.
- New Opportunities for Queensland Strata Owners to Lower Insurance Costs
Strata property owners in North and Central Queensland have a new avenue to reduce their insurance premiums, thanks to recent regulatory updates to the Cyclone Reinsurance Pool effective from April 1, 2025.
- Poor Strata Governance in Victoria Leading to Higher Insurance Premiums
The Insurance Council of Australia (ICA) has raised concerns over the impact of inadequate strata governance on insurance premiums for Victorian residents.
- Potential Risks Persist Amid NSW Strata Commission Reforms
In a significant shift within New South Wales's strata industry, the Strata Community Association NSW has announced that strata managers will transition away from relying on insurance commissions. This change, set to be phased in from next year, will see remuneration for insurance-related work shift to separate fee arrangements.
- Steadfast Group Halts Trading Amid Strata Insurance Controversy
In September 2024, Steadfast Group, Australia's largest general insurance broker network, suspended trading on the Australian Stock Exchange (ASX) following serious allegations of misleading clients and failing to disclose commissions in its strata insurance operations. The company's share price plummeted by 6.14% to $5.
- Netstrata's Undisclosed Commissions and Conflicts of Interest Revealed
In February 2025, an independent review conducted by McGrathNicol uncovered significant issues within Netstrata, a prominent strata management company. The investigation revealed that Netstrata failed to disclose commissions and did not obtain multiple quotes for services, potentially breaching legal obligations.
- NSW Fair Trading Revokes Strata Licences Due to Insurance Failures and Misconduct
In May 2025, NSW Fair Trading took decisive action against Result Strata Management Pty Ltd and its General Manager, Michael Lee, by permanently revoking their licences to operate in the state's strata management sector.
- CHU's 2025 Strata Market Report: Stability Amidst Climate and Regulatory Challenges
In November 2025, CHU, Australia's largest strata insurance underwriting agency, 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.
