Does anyone know how strata title works
I have 600m2 of land and I am building two homes on it and then I will strata the homes.
Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not sure if this is allowedOne home will sit on about 250m2 and the other home will sit on about 350m2
Does this matter or do they need to sit on equal 300m2 each?Just give a call to a local draftsperson and they'll be able to give you an idea… as will the council.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Just give a call to a local draftsperson and they'll be able to give you an idea… as will the council.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Not all units in some stratas are of equal size, don’t know why or more than that.
Cheers
thecrestthecrest | Tony Neale - Statewide Motel Brokers
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keiko wrote:Does anyone know how strata title works
I have 600m2 of land and I am building two homes on it and then I will strata the homes.
Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not sure if this is allowedOne home will sit on about 250m2 and the other home will sit on about 350m2
Does this matter or do they need to sit on equal 300m2 each?Hi Keiko,
They do not need to be the same size and you will need to engage the council as soon as possible to determine other conditions. Also speak to a town planner so that they can give you options. Does your zoning allow you to build 2 dwellings on a 600sqm property?
Also why are you not aiming for a torrens title subdivision?
Shahin Afarin – Property Finance Consultant
http://elitepropertyfinance.wordpress.com/TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
TheFinanceShop wrote:keiko wrote:Does anyone know how strata title works
I have 600m2 of land and I am building two homes on it and then I will strata the homes.
Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not sure if this is allowedOne home will sit on about 250m2 and the other home will sit on about 350m2
Does this matter or do they need to sit on equal 300m2 each?Hi Keiko, They do not need to be the same size and you will need to engage the council as soon as possible to determine other conditions. Also speak to a town planner so that they can give you options. Does your zoning allow you to build 2 dwellings on a 600sqm property? Also why are you not aiming for a torrens title subdivision? Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com/
Yes can build 2 homes on the property.
I had a look into Torrens but doesn't look as good as a stratakeiko wrote:TheFinanceShop wrote:keiko wrote:Does anyone know how strata title works
I have 600m2 of land and I am building two homes on it and then I will strata the homes.
Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not sure if this is allowedOne home will sit on about 250m2 and the other home will sit on about 350m2
Does this matter or do they need to sit on equal 300m2 each?Hi Keiko, They do not need to be the same size and you will need to engage the council as soon as possible to determine other conditions. Also speak to a town planner so that they can give you options. Does your zoning allow you to build 2 dwellings on a 600sqm property? Also why are you not aiming for a torrens title subdivision? Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com/
Yes can build 2 homes on the property.
I had a look into Torrens but doesn't look as good as a strataYou will find that Torrens Title will carry more value than strata for resale. Is there a particular reason you are leaning towards strata?
Shahin Afarin – Property Finance Consultant
http://elitepropertyfinance.wordpress.com/TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
what is a torrens title? and does it apply/ available in WA?
I would be engaging a Surveyor ASAP
Cheers
TheFinanceShop wrote:keiko wrote:TheFinanceShop wrote:keiko wrote:Does anyone know how strata title works
I have 600m2 of land and I am building two homes on it and then I will strata the homes.
Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not sure if this is allowedOne home will sit on about 250m2 and the other home will sit on about 350m2
Does this matter or do they need to sit on equal 300m2 each?Hi Keiko, They do not need to be the same size and you will need to engage the council as soon as possible to determine other conditions. Also speak to a town planner so that they can give you options. Does your zoning allow you to build 2 dwellings on a 600sqm property? Also why are you not aiming for a torrens title subdivision? Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com/
Yes can build 2 homes on the property.
I had a look into Torrens but doesn't look as good as a strataYou will find that Torrens Title will carry more value than strata for resale. Is there a particular reason you are leaning towards strata? Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com/
Thanks, only reason is because a couple of town planners said strata title it with common driveway area.
I had never heared of torrens title until you mentioned it.
I did a little google search and I see most people don't like strata.
I am still learning about strata titles as personaly I only buy freehold property and this is the first time I have needed to look into strata titles.
Could you tell me the ups and downs for each strata and torrens?
I read an article about torrens and that if the driveway needs replacing that there is nothing in place to have both parties fix it etc.
I am all for the best out come and peoples knowledge on each torrens and strata title would be most appreciated?
I know people are saying just go see council or just go to a town planner or draftsman etc, but to be honest I have done all of this in the past for other types of situations like subdivisions and alterations to properties etc, and you get a different storey from each of them, one says one thing and the next person says another thing. the way I like to do it, is to get as much info as possible from a bunch of people and then decide for myself which is the best way to do it.keiko wrote:TheFinanceShop wrote:keiko wrote:TheFinanceShop wrote:keiko wrote:Does anyone know how strata title works
I have 600m2 of land and I am building two homes on it and then I will strata the homes.
Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not sure if this is allowedOne home will sit on about 250m2 and the other home will sit on about 350m2
Does this matter or do they need to sit on equal 300m2 each?Hi Keiko, They do not need to be the same size and you will need to engage the council as soon as possible to determine other conditions. Also speak to a town planner so that they can give you options. Does your zoning allow you to build 2 dwellings on a 600sqm property? Also why are you not aiming for a torrens title subdivision? Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com/
Yes can build 2 homes on the property.
I had a look into Torrens but doesn't look as good as a strataYou will find that Torrens Title will carry more value than strata for resale. Is there a particular reason you are leaning towards strata? Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com/
Thanks, only reason is because a couple of town planners said strata title it with common driveway area.
I had never heared of torrens title until you mentioned it.
I did a little google search and I see most people don't like strata.
I am still learning about strata titles as personaly I only buy freehold property and this is the first time I have needed to look into strata titles.
Could you tell me the ups and downs for each strata and torrens?
I read an article about torrens and that if the driveway needs replacing that there is nothing in place to have both parties fix it etc.
I am all for the best out come and peoples knowledge on each torrens and strata title would be most appreciated?
I know people are saying just go see council or just go to a town planner or draftsman etc, but to be honest I have done all of this in the past for other types of situations like subdivisions and alterations to properties etc, and you get a different storey from each of them, one says one thing and the next person says another thing. the way I like to do it, is to get as much info as possible from a bunch of people and then decide for myself which is the best way to do it.Hi Keiko,
The title of the property can potentially make a huge difference to the resale value of the property. Owners of properties with strata titles buy into a community lifestyle with shared responsibilities and liabilities. This means that owners need to ‘agree’ on decisions affecting the common areas. This can cause disputes with other owners and one of the reasons why potential buyers are put off by them.
On top of this is the strata cost. Owners need to pay quarterly payments to the fund to cover the charges associated with the common areas.
Perhaps try speaking to say 2 real estate agents and ask them if it is easier or more valuable selling torrent or strata and see what they say.
Shahin Afarin – Property Finance Consultant
http://elitepropertyfinance.wordpress.com/TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
Hi Keiko,
As most comments previously have suggested, Torrens title would be the preferred option for many reasons. The council will be able to help you on understanding the minimum allotment sizes in your zoning and council area. You should also check for easements and any other restrictions such as construction footprint restrictions and clearance from borders.
Get yourself a good town planner that will be able to easily help you.
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