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  • Profile photo of ShaunShaun
    Join Date: 2015
    Post Count: 2

    Hi peeps! Got a question I’m hoping someone can help me out with,
    Currently looking at a property 3 units, counsil rates are 1500$ each per year as they are all separate title. Can I change the title to a strata title to wipe out some annual cost in rates? I plan to buy and hold, seems crazy to be paying 4500$ per year on 3 units as separate titles on a piece of land that’s only 700m2.
    Any help, words of wisdom, or ideas would be greatly appreciated! TIA!
    Happy investing!

    Profile photo of BennyBenny
    Join Date: 2002
    Post Count: 1,416

    Hi Shaun,
    Seems to me thay are already stata titled. I think you are wanting “community title” (?) – but the obvious questions would be – is there any gain in changing back? Is it even allowed?

    A Council will want to be paid for – garbage collection, provision of water, sewerage, and a host of other things for 3 units whether you group them as one or have them as 3 strata’ed units. Don’t they all need these things, and won’t Council need to provide 3 of everything even if all grouped under one title?

    A call to your Council would likely be a good start methinks,


Viewing 2 posts - 1 through 2 (of 2 total)

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