From: Paul Roberts
I own a duplex pair on one title (In Palm Beach on the Gold Coast - surfs up so this is brief). I am wondering if there is any advantage to strata titling these properties.
I realise that there is an initial outlay and also ongoing extra rates charges. But does strata titled units value up more to allow further acquisitions? Valuers seem to undervalue the property based on the limited market for a duplex pair on single title. Does the freeing up of more equity cover the costs? I can move forward under either scenario, but with more equity access, I can buy more properties.
Any comments please.
I own a duplex pair on one title (In Palm Beach on the Gold Coast - surfs up so this is brief). I am wondering if there is any advantage to strata titling these properties.
I realise that there is an initial outlay and also ongoing extra rates charges. But does strata titled units value up more to allow further acquisitions? Valuers seem to undervalue the property based on the limited market for a duplex pair on single title. Does the freeing up of more equity cover the costs? I can move forward under either scenario, but with more equity access, I can buy more properties.
Any comments please.
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