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Strata title changes will benefit property owners

By Kevin Kelly

A number of changes are in the pipeline for the Strata Titles Act, which one group believes will work in the favour of both owners and managers of this type of real estate in Australind.

The Real Estate Institute of Western Australia (REIWA) emphasised that including people's real life experiences of strata developments in the consultation process will be a real benefit. Landgate has revealed that the changes are expected to offer more sustainable and flexible housing options, without amending land titles and boundaries.

REIWA president Hayden Groves noted that these policies would be crucial as property buyers and developers show a growing preference for multi-unit properties.

"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 Mr Groves.

Make sure you're covered

If you decide that strata property is the right choice for you, then the Insurance Council of Australia (ICA) recommends that you look into the legal requirements. In many parts of the country, residential strata insurance is compulsory.

The ICA advises that you'll usually share the cost of the insurance premium as part of your fees and liabilities. It's important to make sure you have sufficient cover in place and understand exactly what's provided and what isn't.

Let us find your ideal property

Whether you're looking for a strata property or another type of real estate in Australind, then we're here to help. Our team of experts is on hand to locate the right home for you in this highly desirable part of Western Australia.

Get in touch to discuss your needs and we'll find somewhere that fits your budget and lifestyle.

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