Economic News

Ageing Population Migration To Strata Ownership and Aged Care Facilities

The general trend in terms of housing preference and housing occupation for the Australian ageing population is firstly renovation of the existing family home,  secondly sale of the family home and down sizing to a strata title dwelling with lower maintenance, thirdly buying into retirement village accomodation and finally becoming a resident in an aged care facility.

A question often asked is what is a strata scheme and what is a strata title? Various information is available and see in brief below:

• Buying Into A Strata Scheme
• Strata Living. What You Need To Know About Living In Your Strata Community?
• Strata Title Information – Landgate WA