The untapped net zero potential of the $1.3 trillion strata sector

Targeted reforms and support for the strata sector could help fast-track the government’s net zero initiatives, lower the cost of living and improve housing affordability, the peak industry body Strata Community Association says.

The $1.3 trillion sector, which generates $6.7 billion in annual economic activity, has the ability to magnify the impact of the reforms and investment, but so far remained largely untapped, according to Chris Duggan, SCA national president.

Strata Community Australia president Chris Duggan says sustainability is a key issue for the sector.

“I think the strata sector is one of those unspoken opportunities, a sleeping giant if you may, which has the potential to deliver massive change for the critical areas the government is targeting,” he said.

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