Strata Developments exceed monthly three year averages
PERTH, WESTERN AUSTRALIA – New April 2016 figures from Landgate have shown positive growth in strata developments in Western Australia.
The results published in Landgate’s April Business Activity Profile state the number of strata lots created has continued to climb and exceed monthly three year averages, lifting by 242 additional lots month on month from March 2016 results.
Landgate’s Chief Executive Mike Bradford said that April 2016 strata lot figures were, “the highest monthly figure since May 2007.”
Strata lots are defined as “a defined portion of a building, group of buildings or land for which a separate Certificate of Title is issued.” Strata property types include apartments, townhouses, mixed residential/ commercial and services apartments.