
Commissions for strata managers should be banned ‘sooner rather than later’, NSW productivity commissioner says
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Peter Achterstraat, the New South Wales productivity commissioner, advocates for an immediate ban on excessive commissions for strata managers. He emphasizes the need for protections as apartments become increasingly the only affordable housing option for many. The proposal includes outlawing commissions on insurance premiums and related services. However, the NSW government has not yet committed to these recommendations.
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As housing affordability continues to decline in major Australian cities, the role of strata managers and their commission structures has come under scrutiny. With projections indicating that apartments will constitute half of Sydney's housing by 2041, the need for regulatory reform becomes increasingly urgent.
This article is based on the opinions and recommendations of Peter Achterstraat and does not necessarily reflect the views of the NSW government or The Guardian.
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