Strata Title vs Community Title

[jmillar]

Just wondering what the differences are.. Most units in NSW seem to be strata title, while some townhouses in QLD are community title.

Are both acceptable/similar types of body corporate structures?

Cheers

 

[thatbum]

Not in the bank's eyes.

 

[jmillar]

How so?

Can anyone explain the difference between the two?

Cheers

 

[vaughan]

How so?

Can anyone explain the difference between the two?

Cheers

Try googling "Strata Title vs Community Title" and see what comes up.

 

[jmillar]

Hi mate,

Not a lot useful info comes up. Would anyone care to explain?

Cheers

 

[SWS]

Try the link below.

http://www.strataman.com.au/community.html

I have a town home with Community Title based in south west Sydney. It is a Mirvac built estate with community facilities like a pool, tennis court etc. The fees are very reasonable at $135 per quarter. Third year of ownership and have only seen a $15 increase over the 3 years. The home is on its own 300sqm block.

 

[travelbug]

The main difference is- with strata title you own a unit/apartment.

With company title you own a share in a company which owns the block. There can be more restrictions with a company title.

 

[Propertunity]

The main difference is- with strata title you own a unit/apartment.
With company title you own a share in a company which owns the block. There can be more restrictions with a company title.

I think the OP was asking about community title not company title

 

[Marty McDonald]

There isn't a lot of difference from a financing point of view. Lawyers will know the difference?

 

[mattysavager]

Just wondering what the differences are.. Most units in NSW seem to be strata title, while some townhouses in QLD are community title.

Are both acceptable/similar types of body corporate structures?

Cheers

Your question is a bit confusing. In QLD, the words strata titled and community titled are both used to describe 'community titles schemes'. This is used for units and townhouse developments in QLD. There is also company titles which are very different, and quite uncommon in QLD.

It's my understanding that the other states have different regimes again, and different descriptions for those titles, so be careful not to equate the terms when looking interstate.

Matt