CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current trends and challenges within the strata industry.
The report offers valuable insights into premium trends, climate-related risks, regulatory developments, and emerging sector challenges.
One of the key findings is the stability of strata insurance premiums. In the year leading up to June 2025, premiums increased by a modest 2.8%, averaging $981 per lot annually. This is in stark contrast to house insurance premiums, which surged by 14% during the same period. The report attributes this stability to the collective nature of strata properties, which can distribute risk more effectively than standalone houses.
However, the report also highlights the growing impact of climate-related events on the strata sector. The first half of 2025 saw a series of significant weather events, including Tropical Cyclone Zelia and widespread flooding across multiple states. These events underscore the need for strata communities to enhance their resilience and implement effective risk mitigation strategies.
Regulatory reforms are another focal point of the report. Several states have introduced measures aimed at improving transparency and accountability within the strata sector. For instance, New South Wales has implemented stricter disclosure requirements for strata managers, while Western Australia is moving towards professionalisation of strata management with proposed Certificate IV qualifications and defined role structures. These reforms are designed to enhance consumer protection and ensure higher standards of service within the industry.
Looking ahead, the report anticipates that affordability, climate resilience, and regulatory compliance will remain central themes for the strata sector. With major reforms scheduled in various states and ongoing assessments of climate-related risks, the industry is poised for continued evolution. Strata communities are encouraged to stay informed and proactive in adapting to these changes to ensure the long-term sustainability and resilience of their properties.
Published:Thursday, 12th Mar 2026 Source: Paige Estritori
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Knowledgebase
Subrogation: An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.
