Strata Communities Endorse Call for Enhanced Resilience Reforms
Collaborative Efforts to Strengthen Strata Resilience Amid Rising Costs
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Strata communities are at the forefront of Australia's resilience battle, facing escalating costs, declining coverage, and prolonged recovery periods following disasters.
Strata Community Association Australasia (SCA) has expressed strong support for the Insurance Council of Australia's (ICA) recent call for coordinated, long-term resilience reforms to protect communities from these challenges.
Economic pressures are driving up construction and repair costs, leaving households, businesses, and strata schemes struggling to rebuild after disasters. SCA President Joshua Baldwin emphasized that the ICA's Catastrophe Resilience Report underscores mounting insurance pressures and the growing urgency to protect communities from disaster.
The report highlights that, aside from climate risk, the cost of rebuilding post-disaster is being compounded by inflation, labour shortages, material costs, and housing constraints. In high-risk regions, recurring disasters are eroding resilience and deepening vulnerability.
In response, SCA supports the ICA's call for coordinated long-term reform, advocating for greater investment in resilience infrastructure, stronger and more resilient buildings in safer locations, and the removal of insurance taxes. These measures aim to enhance the resilience of strata communities and mitigate the financial impact of disasters.
By aligning with the ICA's recommendations, SCA underscores the importance of proactive measures and collaborative efforts to strengthen the resilience of strata communities across Australia. This approach not only addresses immediate concerns but also lays the foundation for sustainable, long-term solutions to the challenges faced by strata property owners and managers.
Published:Sunday, 15th Feb 2026 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
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