STRATA DATA

Residential Strata in NSW A summary analysis

Issue 4, October 2011 City Futures Research Centre

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Cover photograph: Bruce Judd, 2010

1 | © City Futures Research Centre 2011

CITY FUTURES RESEARCH CENTRE

City Futures is a University Research

Centre dedicated to developing a

better understanding of our cities, their

people, the policies that manage their

growth the issues they face, and the

impacts they make on our environment

and economy.

Based in the Faculty of Built

Environment at UNSW, City Futures is

interdisciplinary in outlook and activity.

It draws on the skills and knowledge of

those within the Faculty whose

knowledge encompasses the physical

and spatial aspects of urban living, as

well as those in other Faculties in the

University whose interests coincide

with our focus on the city.

The core activity for City Futures is

research. It offers a place where

scholars can pursue research on

aspects of urban development and

change. But it also focuses outwards,

engaging with the wider audience

beyond the University. Wherever

possible, City Futures works in

partnership with the community,

government and business to contribute

to growing the evidence base on the

issues that impact on urban regions

and how we can better manage their

dynamic progress.

City Futures also has a strong focus

on the training of the next generation

of urban research scholars through an

active postgraduate research program.

We are committed to expanding the

skills and capacity of young urban

researchers and to communicating the

value of good research to those

involved in making policies that impact

on the city.

Together with colleagues in other

institutions who share our focus and

passion, City Futures is committed to

research and training that will

contribute to better urban outcomes for

Australia and beyond.

.

Governing the Compact City Strata is the fastest growing form of residential property ownership in

Australia. Over half the new dwellings to be built in our metropolitan

areas over the next decades will be strata titled. The growth of this

sector raises increasingly important questions over property

ownership and governance.

Governing the Compact City is a two-year research project charting

the key issues facing the governance and management of strata

buildings, with a focus on NSW. It is the first major study of the

strata sector undertaken in Australia, and will thus inform practice

and policy development on a national scale.

The research has three main aims:

1. To explore the role, capacity & effectiveness of owners’

corporations as agencies of property governance and management.

2. To explore the capacity & effectiveness of strata managers as

mediators of outcomes for owners and residents in strata & their role

within the overall structure of management & governance.

3. To assess how well residential strata works from strata owners’

points of view.

The project is being undertaken by researchers on the High Density

Living Program team at the City Futures Research Centre

(www.fbe.unsw.edu.au/cf/highdensityliving/). Funding and support to

carry out this project have been received from the National

Competitive Grants Program run by the Federal Government’s

Australian Research Council and from the following government,

peak body and industry partners:

2 | © City Futures Research Centre 2011

Data Overview

The maps and table in this document are based on information retrieved from the New South Wales (NSW) Land and Property Information Strata Database in July 2011.

The data presented pertains to residential strata schemes. To capture all strata properties used for the purpose of residence, residential schemes and lots reported in this newsletter include the zoning categories of A (Residential), B1 (Neighbourhood Centre), B2 (Local Centre), B3 (Commercial Core), B4 (Mixed Use), D (Mixed Use Development), E4 (Environmental Living), M (Mixed Residential / Business), R1 (General Residential), R2 (Low Density Residential), R3 (Medium Density Residential), R4 (High Density Residential), RU4 (rural small holdings), V (Comprehensive Centre) and Z (Undetermined, or Village). Commercial schemes are not included. Some non-residential lots may be included in the presented figures, for example where they form part of a mixed use development.

Number residential and mixed use schemes (page 4)

In July 2011, there were 67,447 residential strata schemes in NSW, of which 43,817 (65.0%) were in the Sydney metropolitan area. Within the Sydney metropolitan area, the highest numbers of residential strata schemes were in the Local Government Areas (LGAs) of Sutherland (2,871), Gosford (2,615) North Sydney (2,446) and Randwick (2,365). There were also large numbers of residential schemes outside the Sydney Metropolitan Area, especially in Tweed (2,305) and Wollongong (2,279).

Number of residential and mixed use lots (page 5)

In July 2011, there were 595,362 residential strata lots in NSW, of which 485,042 (81.5%) were in the Sydney metropolitan area. Within the Sydney metropolitan area, the highest numbers of residential strata lots were in the LGAs of Sydney (58,921), North Sydney (27,908) and Sutherland (26,336). The highest mean and median numbers of lots per scheme were in Sydney LGA, followed by Strathfield, Canada Bay, Lane Cove and Willoughby LGAs. Outside of the Sydney metropolitan area, Wollongong LGA had the highest number of residential strata lots in NSW (14,967), followed by Tweed (11,190) and Newcastle (10,285).

Percentage owner occupied and investor-owned lots (pages 6-7)

Owner-occupation and investor-owned lots are calculated by comparing the address of a lot with the registered address of its owner. When the two addresses match, a lot is noted as owner-occupied; if the two addresses do not match, the lot is noted as investor-owned. As such, these figures should be considered an estimate only.

In July 2011, just under half (47.2%) of the residential strata lots in NSW were owner-occupied. A greater proportion of lots were owner occupied in the Sydney metropolitan area (48.8%) than in the rest of NSW (40.1%). Within the Sydney metropolitan area, the highest concentrations of owner-occupied lots were found in the LGAs of Pittwater (64.0%), Bankstown (63.9%), Hurstville (61.7%) and Sutherland (61.3%).

Just over half (52.8%) of the residential strata lots in NSW were investor-owned. There was a higher proportion of investor-owner lots in the rest of NSW (59.9%) than in the Sydney metropolitan area (51.2%). Within the Sydney metropolitan area, the highest concentrations of investor-owned residential strata lots were found in the LGAs of Wyong (62.9%), Camden (61.0%) and North Sydney (60.4%).

3 | © City Futures Research Centre 2011

Percentage of schemes of 100 lots or more (page 8)

In July 2011, within the Sydney metropolitan area, Sydney LGA had the highest concentration (9.2%) of schemes with 100 lots or more, followed by Canada Bay (2.4%) and Auburn (2.0%) LGAs. Outside of the Sydney metropolitan area, Tweed had the highest concentration of large residential strata schemes in NSW (0.3%).

Scheme registration dates (pages 9-10)

Information regarding the registration dates of strata schemes can be used as an approximation for the age of buildings. However, the registration date of a scheme may be years after its construction. For example, a 60 year-old warehouse building may have only been converted into a 30-lot strata scheme five years ago.

In July 2011, 22.6% of residential strata schemes in NSW were registered prior to 1981. There was a higher concentration of older strata schemes in the Sydney metropolitan area (29.8%) than in the rest of NSW (9.1%). Within the Sydney metropolitan area, Botany Bay (61.4%), Rockdale (60.8%) and Ashfield (56.3%) LGAs had the highest concentration of schemes registered 30 or more years ago.

In July 2011, 5.1% of residential strata schemes in NSW were registered within the last 3 years (since 2008), with a higher concentration of these found in the rest of NSW (6.6%) than in the Sydney metropolitan area (4.4%). Within the Sydney metropolitan area, the highest concentration of recently registered schemes were found in the Ku-ring-gai (14.8%), Penrith (9.2%) and Blacktown (7.4%) LGAs. Outside of the Sydney metropolitan area (excluding LGAs with less than ten schemes total), Muswellbrook (46.5% of its 71 schemes) and Cessnock (35.0% of its 183 schemes) LGAs had the highest concentrations of newly registered schemes.

Definitions

LGA Local Government Area

Sydney metropolitan area Refers to Sydney Statistical Division, as defined by the Australian Bureau of Statistics and includes the 43 LGAs as listed in Table 1.

Mixed use A strata scheme that includes residential lots, and is also used for other purposes (e.g. shops, offices, hotels, restaurants etc.)

For further information about this research project, please visit:

http://www.fbe.unsw.edu.au/cf/research/cityfuturesprojects/governingthecompactcity

Or contact:

Dr Hazel Easthope

City Futures Research Centre

Faculty of the Built Environment

University of New South Wales

Sydney NSW 2052

Phone: (02) 9385 6041 Email: hazel.easthope@unsw.edu.au

Maps 1 and 2: Number of residential and mixed use schemes* for NSW and Sydney by LGA, July 2011

* “Mixed use” may include non-residential lots. See page 2 for explanation.

Data © NSW Land and Property Management Authority 2009 * “Mixed use” may include non-residential lots. See page 2 for explanation.

Data © NSW Land and Property Information 2011

5 | © City Futures Research Centre 2011

Maps 3 and 4: Number of residential and mixed use* lots for NSW and Sydney by LGA, July 2011

* “Mixed use” may include non-residential lots. See page 2 for explanation.

Data © NSW Land and Property Management Authority 2011

* “Mixed use” may include non-residential lots. See page 2 for explanation.

Data © NSW Land and Property Information 2011

6 | © City Futures Research Centre 2011

Maps 5 and 6: Percentage of lots owner occupied * for NSW and Sydney by LGA, July 2011

* Estimate only. See page 2 for explanation.

Data © NSW Land and Property Management Authority 2009

* Estimate only. See page 2 for explanation.

Data © NSW Land and Property Information 2011

7 | © City Futures Research Centre 2011

Maps 7 and 8: Percentage of lots investor owned* for NSW and Sydney by LGA, July 2011

* Estimate only. See page 2 for explanation.

Data © NSW Land and Property Information 2011

8 | © City Futures Research Centre 2011

Maps 9 and 10: Percentage of residential and mixed use schemes with 100 lots or more for NSW and Sydney by LGA, July 2011

Data © NSW Land and Property Information 2011

9 | © City Futures Research Centre 2011

Maps 11 and 12: Percentage of residential & mixed use schemes registered* prior to 1979 for NSW and Sydney by LGA, July 2011

* Strata registration date may not be the same as building age. See page 3 for explanation.

Data © NSW Land and Property Information 2011

10 | © City Futures Research Centre 2011

Maps 13 and 14: Percentage of residential & mixed use schemes registered* in the last 3 years for NSW and Sydney by LGA, July 2011

Data © NSW Land and Property Information 2011

11 | © City Futures Research Centre 2011

LGA Total schemes

Total lots

Lots per scheme (Mean)

Lots per scheme

(Median)

% Owner

occupied

% Investor

owned

% 100+ lot schemes

% Schemes

reg’d pre-1981

% Schemes reg’d last

3 yrs

Ashfield 593 7,591 13 10 47.2% 52.8% 0.3% 56.3% 2.0% Auburn 752 10,936 15 8 44.8% 55.2% 2.0% 25.3% 5.9% Bankstown 1,195 10,141 8 5 63.9% 36.1% 0.0% 10.0% 3.7% Blacktown 961 9,692 10 6 58.1% 41.9% 0.1% 0.3% 7.4% Blue Mountains 189 988 5 3 44.3% 55.7% 0.0% 9.0% 6.9% Botany Bay 474 6,266 13 9 48.1% 51.9% 0.2% 61.4% 3.4% Burwood 259 3,817 15 12 44.0% 56.0% 0.0% 37.8% 4.2% Camden 128 725 6 3 39.0% 61.0% 0.0% 0.8% 3.9% Campbelltown 848 6,659 8 5 44.9% 55.1% 0.2% 11.1% 4.7% Canada Bay 924 16,393 18 9 45.9% 54.1% 2.4% 33.8% 7.1% Canterbury 1,774 16,587 9 8 52.8% 47.2% 0.0% 46.1% 3.0% Fairfield 722 8,560 12 10 56.4% 43.6% 0.4% 37.1% 2.8% Gosford 2,615 11,642 4 3 45.0% 55.0% 0.1% 5.9% 3.5% Hawkesbury 555 1,845 3 2 57.3% 42.7% 0.0% 1.6% 4.5% Holroyd 912 9,893 11 9 42.8% 57.2% 0.1% 10.1% 4.8% Hornsby 1,131 11,452 10 3 55.2% 44.8% 1.0% 16.5% 1.0% Hunters Hill 173 1,425 8 4 49.9% 50.1% 0.0% 32.9% 5.2% Hurstville 1,034 9,225 9 7 61.7% 38.3% 0.0% 29.9% 3.1% Kogarah 878 7,309 8 8 57.5% 42.5% 0.0% 43.4% 3.3% Ku-Ring-Gai 527 8,213 16 8 60.3% 39.7% 0.8% 29.2% 14.8% Lane Cove 437 7,317 17 12 45.9% 54.1% 0.7% 53.1% 2.3% Leichhardt 561 6,395 11 5 42.0% 58.0% 1.3% 18.2% 3.6% Liverpool 797 9,079 11 6 40.9% 59.1% 0.8% 15.4% 5.5% Manly 1,198 8,391 7 4 43.9% 56.1% 0.0% 52.1% 2.8% Marrickville 663 8,895 13 10 55.3% 44.7% 0.6% 35.7% 5.0% Mosman 775 7,207 9 5 46.2% 53.8% 0.1% 47.6% 3.4% North Sydney 2,446 27,908 11 6 39.6% 60.4% 0.6% 42.0% 3.3% Parramatta 1,571 19,777 13 9 45.4% 54.6% 0.6% 16.5% 6.8% Penrith 1,337 8,715 7 3 54.0% 46.0% 0.0% 6.6% 9.2% Pittwater 352 3,699 11 8 64.0% 36.0% 0.0% 35.8% 6.5% Randwick 2,365 22,995 10 6 44.3% 55.7% 0.3% 47.4% 3.7% Rockdale 1,438 17,693 12 9 52.4% 47.6% 0.2% 60.8% 1.8% Ryde 1,387 17,267 12 8 46.4% 53.6% 0.7% 33.8% 3.5% Strathfield 293 5,409 18 12 46.1% 53.9% 1.7% 32.1% 5.8% Sutherland 2,871 26,336 9 5 61.3% 38.7% 0.1% 17.2% 3.9% Sydney 1,689 58,921 35 16 42.9% 57.1% 9.2% 19.4% 7.2% The Hills Shire 615 6,783 11 7 58.8 41.2% 0.3% 0.8% 5.7% Warringah 1,506 17,421 12 10 56.6% 43.4% 0.3% 50.8% 3.9% Waverley 1,583 16,004 10 6 43.5% 56.5% 0.2% 53.8% 3.9% Willoughby 537 8,894 17 12 45.0% 55.0% 0.9% 37.8% 3.4% Wollondilly 92 571 6 4 50.8% 49.2% 0.0% 1.1% 6.5% Woollahra 1,412 13,684 10 6 47.1% 52.9% 0.5% 46.5% 3.9% Wyong 1,248 6,322 5 3 37.1% 62.9% 0.0% 10.8% 4.0% Sydney Metropolitan Area

43,817

485,042

11

6 48.8% 51.2% 0.7% 29.8% 4.4%

Balance of NSW 23,630 110,320 5 3 40.1% 59.9% 0.1% 9.1% 6.6% NSW 67,447 595,362 6 4 47.2% 52.8% 0.5% 22.6% 5.1%

Table 1: Summary table of strata data for residential and mixed use schemes in Sydney by LGA, July 2011 (for data

relating to other NSW LGAs, please contact City Futures).

Data © NSW Land and Property Information 2011