Hi,
I am looking at developing a small block of apartments in Melbourne.
My understanding is that:
- Subdivision: is subdividing the lands under the apartment block into parcels, one per apartment. This needs to be done and approved via the council before selling the apartments off the plan (well before build)
- Strattatitling: this is putting each apartment into a seperate stratta title. It can be done anytime but doing it before the build is cheaper? what's the benefit of stratta titling? why do apartments go up in price post a building being stratta titled?
Thanks
I am looking at developing a small block of apartments in Melbourne.
My understanding is that:
- Subdivision: is subdividing the lands under the apartment block into parcels, one per apartment. This needs to be done and approved via the council before selling the apartments off the plan (well before build)
- Strattatitling: this is putting each apartment into a seperate stratta title. It can be done anytime but doing it before the build is cheaper? what's the benefit of stratta titling? why do apartments go up in price post a building being stratta titled?
Thanks