STRATA DATA. Residential Strata in NSW A summary analysis. Issue 4, October City Futures Research Centre

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1 Governing the compact city STRATA DATA Residential Strata in NSW A summary analysis Issue 4, October 2011 City Futures Research Centre Cover photograph: Bruce Judd, 2010

2 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 ( 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: 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. 1 City Futures Research Centre 2011 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..

3 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 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%). 2 City Futures Research Centre 2011

4 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 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 Sydney metropolitan area Mixed use Local Government Area Refers to Sydney Statistical Division, as defined by the Australian Bureau of Statistics and includes the 43 LGAs as listed in Table 1. 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: Or contact: Dr Hazel Easthope City Futures Research Centre Faculty of the Built Environment University of New South Wales Sydney NSW 2052 Phone: (02) hazel.easthope@unsw.edu.au 3 City Futures Research Centre 2011

5 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.

6 Maps 3 and 4: Number of residential and mixed use* lots for NSW and Sydney by LGA, July City Futures Research Centre 2011 * Mixed use may include non-residential lots. See page 2 for explanation.

7 Maps 5 and 6: Percentage of lots owner occupied * for NSW and Sydney by LGA, July 2011 * Estimate only. See page 2 for explanation. 6 City Futures Research Centre 2011

8 Maps 7 and 8: Percentage of lots investor owned* for NSW and Sydney by LGA, July City Futures Research Centre 2011 * Estimate only. See page 2 for explanation.

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

10 Maps 11 and 12: Percentage of residential & mixed use schemes registered* prior to 1979 for NSW and Sydney by LGA, July City Futures Research Centre 2011 * Strata registration date may not be the same as building age. See page 3 for explanation.

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

12 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). 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, % 52.8% 0.3% 56.3% 2.0% Auburn , % 55.2% 2.0% 25.3% 5.9% Bankstown 1,195 10, % 36.1% 0.0% 10.0% 3.7% Blacktown 961 9, % 41.9% 0.1% 0.3% 7.4% Blue Mountains % 55.7% 0.0% 9.0% 6.9% Botany Bay 474 6, % 51.9% 0.2% 61.4% 3.4% Burwood 259 3, % 56.0% 0.0% 37.8% 4.2% Camden % 61.0% 0.0% 0.8% 3.9% Campbelltown 848 6, % 55.1% 0.2% 11.1% 4.7% Canada Bay , % 54.1% 2.4% 33.8% 7.1% Canterbury 1,774 16, % 47.2% 0.0% 46.1% 3.0% Fairfield 722 8, % 43.6% 0.4% 37.1% 2.8% Gosford 2,615 11, % 55.0% 0.1% 5.9% 3.5% Hawkesbury 555 1, % 42.7% 0.0% 1.6% 4.5% Holroyd 912 9, % 57.2% 0.1% 10.1% 4.8% Hornsby 1,131 11, % 44.8% 1.0% 16.5% 1.0% Hunters Hill 173 1, % 50.1% 0.0% 32.9% 5.2% Hurstville 1,034 9, % 38.3% 0.0% 29.9% 3.1% Kogarah 878 7, % 42.5% 0.0% 43.4% 3.3% Ku-Ring-Gai 527 8, % 39.7% 0.8% 29.2% 14.8% Lane Cove 437 7, % 54.1% 0.7% 53.1% 2.3% Leichhardt 561 6, % 58.0% 1.3% 18.2% 3.6% Liverpool 797 9, % 59.1% 0.8% 15.4% 5.5% Manly 1,198 8, % 56.1% 0.0% 52.1% 2.8% Marrickville 663 8, % 44.7% 0.6% 35.7% 5.0% Mosman 775 7, % 53.8% 0.1% 47.6% 3.4% North Sydney 2,446 27, % 60.4% 0.6% 42.0% 3.3% Parramatta 1,571 19, % 54.6% 0.6% 16.5% 6.8% Penrith 1,337 8, % 46.0% 0.0% 6.6% 9.2% Pittwater 352 3, % 36.0% 0.0% 35.8% 6.5% Randwick 2,365 22, % 55.7% 0.3% 47.4% 3.7% Rockdale 1,438 17, % 47.6% 0.2% 60.8% 1.8% Ryde 1,387 17, % 53.6% 0.7% 33.8% 3.5% Strathfield 293 5, % 53.9% 1.7% 32.1% 5.8% Sutherland 2,871 26, % 38.7% 0.1% 17.2% 3.9% Sydney 1,689 58, % 57.1% 9.2% 19.4% 7.2% The Hills Shire 615 6, % 0.3% 0.8% 5.7% Warringah 1,506 17, % 43.4% 0.3% 50.8% 3.9% Waverley 1,583 16, % 56.5% 0.2% 53.8% 3.9% Willoughby 537 8, % 55.0% 0.9% 37.8% 3.4% Wollondilly % 49.2% 0.0% 1.1% 6.5% Woollahra 1,412 13, % 52.9% 0.5% 46.5% 3.9% Wyong 1,248 6, % 62.9% 0.0% 10.8% 4.0% Sydney Metropolitan Area 43, , % 51.2% 0.7% 29.8% 4.4% Balance of NSW 23, , % 59.9% 0.1% 9.1% 6.6% NSW 67, , % 52.8% 0.5% 22.6% 5.1% 11 City Futures Research Centre 2011