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Thanks Paul. The valuer is in there today- I have asked for a separate estimate as strata titled units. The last estimate was $40K- I did not feel the the extra $27K I could borrow was worth the extra $3.6K in rates. There are also fire rating issues with strata titled- there's a...

Rates may be a council thing. On the two occasions when I have enquired, via separate law firms, I have been told that rates would be $400 pa more expensive (3.5 weeks rent) by having the units strata titled. So it's of little value to me to have them as strata unless I really want to sell them.

Of course, this does not apply if the whole block is already under a single title. It is possible for a block to be strata titled- and if your plan is to sell, then it's possibly worth while doing. That may depend on fire rating. A strata titled unit may require fire rating (or compliance...