A form of property ownership used for apartments, townhouses, and units within a larger complex. Each owner holds title to their individual lot (their apartment) plus an undivided share in the common property (foyer, lifts, garden). The building is managed by a body corporate (or owners corporation) funded by owner levies.
Glossaryfirst home
What is Strata Title?
Take the full guide with you.
The complete guide to buying property in Australia: what you can really spend, the 2026 schemes state by state, how not to overpay, and how the selling side plays you. Free PDF, personalised to your situation, in your inbox in 60 seconds.
Get the free buying guide