REIWA President Hayden Groves said that the proposed changes will benefit both strata owners and strata managers.
The Real Estate Institute of Western Australia has welcomed the proposed changes to the Strata Titles Act which aim to provide more flexibility in strata developments and provide for better community environments.
REIWA President Hayden Groves said that the proposed changes will benefit both strata owners and strata managers. The government wants to change the Strata Titles Act so that unanimous agreement from owners was no longer needed to sell a complex. Instead, 75 per cent of owners would be enough to terminate a strata scheme with unwilling owners forced to sell.
"In a block of flats with 100 units, if 99 want to bulldoze it and build another one and one says no it doesn’t change, so that one person can block it," WA Lands Minister Terry Redman told The West Australian. "There are examples of someone in a nice flash apartment with a view of the Swan River buying an apartment in a decrepit building in front of them to protect their view."
Groves said that as we see a continuation of the trend for multi-dwelling construction in and around Perth, REIWA are supportive of changes which contribute towards positive outcomes for the property industry and members of the public alike.
"REIWA members had a direct impact on the strata reforms with their views and real life experiences included in a submission considered by Landgate."
"We look forward to the legislation being drafted and to providing further input to ensure a balanced outcome for buyers of strata properties and good industry practice in the management and sale of strata," said Groves.