Buying survey strata property to demolish and build new home
Page 1 of 1
Found this wonderful forum through Whirlpool Forums.
I am thinking of buying a property to rent for a few years, demolish existing house and build a new house to move in. All of the properties I have had a look in REIWA for my affordable price are strata titled or survey-strata titled. I've always only heard negative things about it being strata titled. Anybody I ask for advise would say, go for green titled.
Most recent response to an inquiry I had to a property was as follows:
Property is survey-strata titled; however, no common property and no shared infrastructure for services such as sewage, gas etc.
My questions are:
If it has no common property and no shared infrastructure, then why is it not green titled?
Are there any restrictions in a survey-strata title that I should be aware of since it is not green-titled (especially since I am planning to demolish the house years later)?
Thanks and much appreciate your help.
Related
20/02/2024
1
If you are in Victoria you have a statutory right to your own building inspector regardless of builder's consent. No negotiations are required. However the builder will…
17/11/2023
1
ask the surveyor for clarification would be the logical approach
29/03/2024
3
Give "Holt Surveying" they are based around Eight Mile Plains