Green Title or Survey Strata?
Deciding which way to go when subdividing and developing your property, it’s important to consider the pros and cons of each.
Both titles are freehold, which means you own the property.
Getting independent advice on such an important decisions is absolutely critical. So many of our clients has got some very miss leading information from display home representatives, and complete lack of real detail in the associated costs.
Controlling the process and understanding the completely different set of circumstances, can save you time and money.
Below are some of the differences, between each title
Advantages of Survey Strata are as follows;
- The use of common property in site averaging (Ability to get a bigger home on the block)
- Costs of services are spread across each block
- The ability to overcome overhangs from current properties or intrusion to easements.
- Reduced costs and sometimes main sewer extensions.
- The ability to take an offer and acceptance after stage 1 subdivision approval WAPC (Western Australia Planning Commission)
- The ability to take an offer and acceptance after stage 1 subdivision approval WAPV (Western Australian Planning Commission)
- Costs of serves can be shared across each block
- No common property. Unless you have clear setout easements that require access.
- All service are not shared, the costs can be however each block has its own services. (Power, Water, Sewer)
New Home Building Brokers can give you the unbiased information and provide you with a free feasibility assessment of the cost of subdivision and building on your block. We can also put you in touch with the leading professionals, to give you advice on, development taxation and other considerations, capital gains, and many other costs you may not have considered. Remember sales reps cannot give some advice, as they are not legally allowed to do this.
If you would like to know more about how we can help you not only decide on which way to go, and also understand the process, costs, building on the block or selling one to fund the construction of a new home on the other, contact the team today.
Talk to us before you talk to a builder.
About the Author
Tristan Kirkham | Managing Director
Tristan has managed some of Australia’s major building companies, both project and private. His committment to customer service and providing market leading communication product for the home building industry has led to a role as regular Judge in the HIA Green Smart, HIA Kitchen & Bathroom Awards and the major Housing Awards. Winning multiple awards throughout his career in the housing industry, he is dedicated to improving the industry standards and practices. Tristan's vision is to provide a better way to build homes for all parties.