Updated September 2026. This is a strata-ownership and management checklist, not an investment recommendation or legal opinion.
What strata ownership means
A strata buyer owns a defined lot and shares ownership of common property through the Management Corporation Strata Title. BCA explains that common property can include lifts, lobbies, car parks and driveways, and that subsidiary proprietors collectively form the management corporation.
Review more than the unit
- Title, strata area, accessory lots and registered interests.
- By-laws affecting renovation, use, pets, parking and common areas.
- Maintenance contributions, sinking fund and arrears.
- Recent AGM minutes, budgets, major works, disputes and insurance.
- Condition of both the unit and common property.
Use BCA's strata management guides as a starting point and obtain the relevant MCST records and legal advice for the development.
Assess value without shortcuts
Compare genuinely similar strata lots by project, size, floor, facing, tenure, condition and transaction date. Facilities and shared maintenance can add utility and cost; neither establishes future returns. Model acquisition, financing, taxes, maintenance, renovation and exit costs before deciding.