REIWA supports changes to strata law
The Real Estate Institute of WA 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.
New rules for WA apartments will crack down on wealthy owners who invest in rundown complexes to stymie development to protect their views.
Proposed changes to the Strata Titles Act intended to help WA meet its infill housing targets would mean 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.
REIWA president Hayden Groves said the proposed changes would benefit both strata owners and strata managers.
“As we see a continuation of the trend for multi-dwelling construction in and around Perth, we are supportive of changes which contribute towards positive outcomes for the property industry and members of the public alike,” he said.
“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.”