A pick-up in new apartment completions to a five-year high will trigger poaching of staff in a strata sector that already manages 3.2 million residential properties and loses almost as many strata managers each year as it hires, industry figures say.
The forecast jump to 23,828 new apartment completions this year, the most since 2021 – and 64,561 new units over the three years to 2028 – would drive a new round of poaching, said Karen Stiles, policy director of Owners Corporation Network, an advocacy group for strata residents.
