Seriously, if there was ever an area of life where one size doesn’t fit all, it’s strata.
Just to point up one difference, proportionately, twice as many people in NSW (14%) live in strata, compared with QLD (7%). That was 2019 figures from a UNSW survey so it may have changed (although we’ve had a pandemic since then which put a lot of changes on hold).
What surprised me was that roughly the same percentage of them (48%) were renters. The power imbalance is between investors and resident-owners, whom I see as “double investors” since they not only buy the properties but have to live with the consequences of decisions made partly by outsiders, some of whom may never have set foot in the building.
This website and Forum are full of stories from residents whose lives have been negatively affected by absentee owners whose only concern is the balance sheet.