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What is strata title?

Strata title is a model of property ownership that allows for individual ownership of part of a property or a parcel of land, with shared ownership of others parts of the property.

Strata schemes divide a property into ‘lots’ that are individually owned. All of the lot owners are also part-owners of the “common” property – this includes things like roofs, driveways and exterior walls.

When you buy into a strata scheme, you:

  • Automatically become the owner of a lot within that strata scheme
  • Automatically become a member of the owners corporation, which manages the strata scheme
  • Must pay levies towards the administration and upkeep of the common property of your strata scheme.

The main categories of strata title are residential, commercial, industrial and mixed use strata.

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August 2022 correct at time of publication.

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