The three main pressures are: 1. Rising interest rates, 2. Inflation, and 3. The cost of living.

This is a significant issue because strata debt is a complex issue with a multitude of contributing factors. It’s not just about individual financial struggles; it’s about the broader economic context, the housing market, and the way strata schemes operate. Let’s delve deeper into the factors contributing to strata debt and its impact on individuals and the broader economy. **Factors Contributing to Strata Debt:**

* **Rising property prices:** The soaring property prices in recent years have led to significant increases in strata levies, making it difficult for some owners to keep up with their payments.