UOAQ Advocates for Strata Reform
On 29th May 2026, a report revealed that Queensland’s strata living sector is experiencing a financial crisis due to long-term caretaking contracts and rising costs. The Unit Owners Association of Queensland (UOAQ) emphasises the urgent need for legislative reform.
In the $245 billion Queensland strata sector, encompassing 53,000 schemes, the Accommodation Module body corporate regulations are a significant concern. These regulations permit caretaking contracts to be locked in for 25 years, benefiting management rights holders exclusively.
Research indicates that 42% of Queensland’s 1,874 body corporate legal disputes are linked to these regulations. The resale value of these contracts is estimated at $8 billion, with developers profiting from selling building management contracts.
Calls for Transparent Practices
Queensland uniquely suppresses open tendering and informed voting for management rights contracts. This lack of transparency significantly escalates costs, as highlighted by the UOAQ. Rising insurance premiums and strata management fees further add to the financial burden on lot owners.
Actively campaigning for fair management rights contracts and improved dispute resolution processes, UOAQ focuses on representing lot owners’ interests and providing practical information to help them make informed decisions.
Brisbane City forecasts that by 2046, 54% of its housing will be strata. However, significant reforms to address these financial challenges have not yet been implemented. The organisation continues to advocate for balanced and sustainable changes within the strata system.
Since 2019, personal bankruptcies linked to strata debt have tripled nationwide, underscoring the severity of the financial pressures faced by unit owners. Rising costs, particularly associated with hostage caretaking contracts, exacerbate the situation.
The Unit Owners Association of Queensland ensures that those funding and sustaining the strata industry have a strong, informed, and effective voice. With the introduction of a regular informative newsletter and Knowledge Bank, members gain access to more resources.
Last updated: 31 May 2026, 1:11 pm
