Addressing the Growing Financial Crisis in Strata Living

Unit Owners Association of Queensland

Key Facts:

Queensland is the only state with an Accommodation Module body corporate in which caretaking contracts can be locked in for 25-year terms and are endlessly extendable for the exclusive benefit of the management rights holder.
Queensland’s $245 billion, 53,000-scheme strata sector is already troubled by the findings of the UOAQ 2022-2025 study that revealed 42% of Queensland’s 1,874 Body Corporate legal disputes related to the Accommodation Module regulations.
Queensland is the only state where the developer is allowed to sell the building management/caretaking contracts for the sole financial benefit of the developer.
Queensland is the only state where the resale value of building management contracts is estimated at $8b.
Queensland is the only state where open tendering and informed approval is suppressed to deny informed review of competitive price or contractor capability.
Queensland is the only state where the strata legislation suppresses informed voting by owners when approving management rights contracts.

Introducing the voice for Queensland unit owners: Unit Owners Association of Queensland (UOAQ)

Queensland, Australia: Unit owners in strata/body corporate communities have a dedicated advocate in the Unit Owners Association of Queensland (UOAQ), a long-standing, volunteer-led organisation focused on protecting the interests, rights and financial wellbeing of people living in community title schemes.

As more homeowners choose more affordable options with improved lifestyle and community connection by buying into apartment and townhouse complexes, along with a renewed government focus on strata development to accommodate the demand for more housing, the need for independent, owner-focused representation has never been greater.

The UOAQ exists to ensure that those who ultimately fund and sustain the strata industry, have a strong, informed and effective voice.

And now, a regular informative newsletter and Knowledge Bank is available to members, with more resources coming.

Addressing the Growing Financial Crisis in Strata Living

While the benefits of strata living are comprehensive, the re-launch of the UOAQ as a public-facing resource comes at a time of increasing financial pressure on unit owners.

Nationwide, personal bankruptcies tied to strata debt have tripled since 2019.

In Queensland, rising costs particularly associated with hostage caretaking contracts, rising insurance premiums and strata management fees are placing significant strain on lot owners.

UOAQ research has shown that large portions of building management costs can be locked into long-term ever increasing contracts without competitive review, reducing transparency and driving up expenses.

Queensland is the only state with an Accommodation Module body corporate in which caretaking contracts can be locked in for 25-year terms and are endlessly extendable for the exclusive benefit of the management rights holder.
Queensland’s $245 billion, 53,000-scheme strata sector is already troubled by the findings of the UOAQ 2022-2025 study that revealed 42% of Queensland’s 1,874 Body Corporate legal disputes related to the Accommodation Module regulations.
Queensland is the only state where the developer is allowed to sell the building management/caretaking contracts for the sole financial benefit of the developer.
Queensland is the only state where the resale value of building management contracts is estimated at $8b.
Queensland is the only state where open tendering and informed approval is suppressed to deny informed review of competitive price or contractor capability.
Queensland is the only state where the strata legislation suppresses informed voting by owners when approving management rights contracts.

The limit of similar such caretaking agreements in Victoria is three years.

This highlights the urgent need for strata reform and committee support in Queensland, particularly for complexes facing escalating costs beyond their control.

Brisbane City forecasts that 54% of its housing will be strata by 2046, and yet the Queensland government has taken no action to reform our strata legislation.

A Proven Advocate for Owners

Established more than forty years ago and funded by its members, the UOAQ has built a reputation as a trusted advocate and knowledge hub for strata owners across Queensland. Key achievements and contributions include:

Direct advocacy to government: Representing owner interests in submissions and ongoing engagement with state and local government bodies.
Influencing policy and reform debates: Active involvement in discussions around the Body Corporate and Community Management (BCCM) Act and future legislative reforms; party to the State Government Community Titles Legislation Working Group (CTLWG) for the past six years.
Research and financial benchmarking: Publishing studies highlighting the real cost impacts of strata management, including identifying millions in potential savings through fairer contract structures.
Owner support and dispute guidance: Providing practical assistance, strategies and access to specialists for owners navigating complex strata issues.
Knowledge leadership: Maintaining a substantial knowledge base and publishing regular newsletters, reports and insights for members.

Mission: Protecting Owners and Restoring Balance

The UOAQ’s mission is clear:

Represent lot owners’ interests at all levels of government
Provide accessible, practical information to help owners make informed decisions
Support owners directly in navigating disputes, costs and governance challenges.

At its core, the organisation aims to rebalance a system where lot owners’ interests (despite funding the entire strata ecosystem) are often underrepresented or ignored in decision-making.

Giving Owners a Voice

The UOAQ is actively campaigning on key issues affecting Queensland strata communities, including:

Fair and transparent management rights / caretaker and strata manager contracts
Protection of residential amenity in the face of short-term letting pressures
Reform of dispute resolution processes, which are often costly and ineffective for owners

Through these initiatives, the organisation is working to create a more balanced, transparent and sustainable strata system.

For more information or to become a member, visit: Visit UOAQ Website

About us:

About UOAQ
The Unit Owners Association of Queensland is a not-for-profit organisation dedicated to advancing the interests of unit owners. Through advocacy, education and direct support, the UOAQ works to improve outcomes for people living and investing in strata communities across Queensland.

Contact details:

Media Contact:
Unit Owners Association of Queensland (UOAQ)
Alex Harris

Email: [email protected]