Victoria's Strata System in Crisis

Victoria’s strata management sector is in crisis, with a damning review revealing rampant dishonesty, unfair contracts, and hidden commissions that hurt one in four strata owners. Management firms are charging unlawful fees and pocketing up to 20% commissions from insurers — all while regulators do nothing, having not cancelled a single manager’s registration since 2019. The review calls for a ban on insurance commissions, a fee-for-service model, and stronger rules on short-term rentals like Airbnbs — but the government is dragging its feet, deferring tough decisions and dodging responsibility, despite NSW’s far more effective oversight. Strata owners are left vulnerable in a booming market, with no enforcement, no justice, and no real protection. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9e971e8efc71a01b