Strata Living in NSW: What Changed in the 2024 Reforms?
Strata laws in New South Wales aren’t static—they evolve with the times. In 2024, several key updates were introduced that every strata owner, tenant, and committee member should know about. These changes help streamline governance, improve transparency, and make strata living a little bit easier.
Here’s a quick rundown of the most important changes:
- Electronic Voting at AGMs and Committee Meetings
This one’s a game-changer. Owners can now vote remotely at AGMs and committee meetings, making it easier for everyone to participate, no matter where they are. This change is particularly valuable for busy owners or those who can’t always attend in person. - Short-Term Rentals and Airbnb
There’s now greater clarity around short-term rental rules, particularly when it comes to properties listed on platforms like Airbnb. The new regulations aim to balance the needs of short-term renters and long-term residents in residential strata buildings, ensuring everyone is on the same page. - Increased Penalties for By-Law Breaches
Strata communities now have more teeth to enforce their by-laws. Penalties for repeated by-law breaches have increased, empowering Owners Corporations to take quicker, more effective action when rules are broken.
At Strata Revolution, we stay ahead of these changes so that our clients don’t have to scramble to keep up. If you’re unsure how the 2024 reforms impact your property or community, don’t hesitate to reach out. We’re here to guide you through it.
By Martin Rolon, Principal – Strata Revolution