The public will get its first look at Western Australia's new strata regulations next month.
Western Australia's new strata regulations will be available for public consultation on September 1 following an announcement from the state government on Tuesday.
Lands Minister Ben Wyatt was joined by representatives from Landgate and REIWA to give an update on the reforms, which will also introduce the new Community Titles Act 2018, bringing in a new form of land title known as a community title.
Mr Wyatt said the reforms were designed to make strata clearer and fairer for the growing number of West Australians who own, live or work in a strata property.
"Years of consultation has ensured that these changes will resolve the most common issues people are facing today and deliver a better strata system for the future," he said.
"I encourage all those interested in what's being proposed in the regulations to get involved as we look to make these long-awaited changes a reality." Mr Wyatt said.
REIWA President Damian Collins. Source: REIWA
WA has more than 300,000 strata properties and this number continues to grow, with more than half of our State's new land subdivisions strata titled over the last calendar year.
The proposed changes include better information for strata buyers, a more efficient process for resolving strata disputes and extensive improvements to how strata schemes are managed.
REIWA President Damian Collins said the Institute was a strong advocate for strata reform and are grateful to have had the opportunity to participate in the reviewing of the act.
“It’s anticipated by 2050 the percentage of West Australians living in strata titled complexes will rise to more than 50 per cent – an increase from around 30 per cent on today’s level," he said.
“The new strata reforms will ensure the state can not only adequately accommodate this shift in housing preference but will also introduce new land development options to drive economic growth.
“This is great news for West Australians who own or live in strata properties as there will be extensive improvements on how strata schemes are managed.”
Click here to find out what the proposed strata changes mean for you.
Similar to this:
‘Long overdue’ WA strata title reform welcomed by industry leaders