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• 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.

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• The Role of Executive Committees in Managing Strata Insurance

  Strata insurance is a type of cover specifically designed for properties where multiple individuals own individual units within a larger complex. It plays a vital role in protecting these complexes financially by covering buildings and common property from potential risks.

• 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.

• Decoding Strata Insurance: Key Terms and Perspectives

  Strata insurance is a vital component of property ownership in Australia, particularly for those involved in apartment living or owning units within a shared building. It provides financial protection against various risks, ensuring that common areas, building structures, and shared amenities are covered in the event of damage or loss.

• 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.

• 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.

• Navigating State-Based Insurance Requirements for Strata Property Owners

  Strata insurance is a crucial aspect for property owners across Australia. Owning a property within a strata scheme means you're not just responsible for your unit but also share responsibility for common areas, which requires adequate protection against potential risks.

• 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.