Victoria is Australia's 'garden state' offering a wide variety of climates and a diversity of culture. Melbourne has been regularly voted one of the most liveable cities in the world. Victoria has well over 100,000 strata schemes on title representing more than 780,000 lots. With constant high demand for housing and inner-city living, Melbourne is forecasted to continue strong growth in the strata property sector.
According to the ‘Australian National Strata Data Analysis 2018’ conducted by the UNSW, about 8% of Victoria’s population live in apartments. 60% of apartment residents in Victoria were born outside of Australia, which is greater than the national statistic of 57%.
Owners Corporation Managers in Victoria manage the common property of the owners corporation, as detailed in the Plan of Subdivision, with the help of an owners corporation committee.
When buying and selling property, the vendor disclosure document for the Owners Corporation is the Owners Corporation Certificate, which is located in the Vendor's Statement (Section 32).
The principal legislation affecting owners corporations in Victoria are the Owners Corporations and Other Acts Amendment ACT 2021, the Subdivision Act 1988 and the Owners Corporations Regulations 2018.
The Victorian dispute resolution body is the Victorian Civil and Administrative Tribunal (VCAT).
ACE Body Corporate Management has been a member of the state institute, Strata Community Association (Vic), since 1998. Membership with SCA (Vic) is compulsory for all ACE Victorian managers and many ACE managers have the title, Certified Practising Strata Manager (CPSM) or Fellow Strata Manager (FSM).
ACE Body Corporate Management is the largest Victorian Strata Management company and manages more than 4000 owners corporations, totalling over 45,000 lots in Victoria.
For a management quote or property enquiry, please contact your local ACE Manager.