Developing, Selling & Redeveloping Strata Properties

Developing, selling & re-developing strata properties
2 Formal CPD Points

Close to 5 million Australians either live in or own a strata property. In capital cities like Brisbane, Melbourne and Sydney, the percentage of city dwellers living in strata properties is expected to exceed 50% within the next 10 to 15 years. Despite this, little is known about this form of land ownership and the myriad of planning, design and development legislation that applies, including how these vertical communities are operated.

In this “master-class” event on 22 September, we will hear from Australia's three pre-eminent strata law experts, Gary Bugden OAM, Michael Allen, and Tim Graham. Across three insightful presentations these leading strata lawyers will explain the legal frameworks needed to create a successful strata community long-term; the pros and cons of buying and selling off-the-plan; the importance of contract disclosure by developers; and what you can do if your strata community is ageing, such as re-developing it.

The session will equip lawyers, architects, developers and strata and property professionals with invaluable information from legal experts that have collectively worked on some of the most iconic strata projects here in Australia and overseas.

Gary will start the session by looking at off-the-plan contracts in Queensland. Delegates will benefit from knowing about the importance of titling, subdivision and management structuring confronting developers and off-the-plan buyers.

Tim will then consider the pros and cons of off-the-plan purchases in Victoria, with reference to sunset dates, property descriptions, amending plans of subdivision, implied easements, and rules & restrictions.

Completing the evolution of the development cycle, Michael will look at strata developments in New South Wales with an analysis of the recent termination and renewal provisions, and the Land and Environment Court’s decision in Application by the Owners – Strata Plan No. 61299 [2019] NSWLEC 111.

While the presentations will be focused on the legislation in New South Wales, Queensland and Victoria, most of the concepts and similar legal structures exist in all Australian jurisdictions.