What is a Moity title
- Thread starter weg
- Start date
You mean Moiety
Pretty much a SA thing.
In the Australian system of land title, the term is typically applied to maisonettes or attached cottages whereby the owner owns a share of the total land on the title and leases a certain portion of the land back for themselves from the other owner(s). Some finance institutions do not offer loans for properties on moiety titles as security.
from http://en.wikipedia.org/wiki/Moiety_title
You can read more about it & SS experiences here:
http://www.somersoft.com/forums/showthread.php?t=2721
and here:
http://www.somersoft.com/forums/showthread.php?t=50113
Pretty much a SA thing.
In the Australian system of land title, the term is typically applied to maisonettes or attached cottages whereby the owner owns a share of the total land on the title and leases a certain portion of the land back for themselves from the other owner(s). Some finance institutions do not offer loans for properties on moiety titles as security.
from http://en.wikipedia.org/wiki/Moiety_title
You can read more about it & SS experiences here:
http://www.somersoft.com/forums/showthread.php?t=2721
and here:
http://www.somersoft.com/forums/showthread.php?t=50113
They make great buying opportunities if you can finance one. You can make invest in making a title change, then you're good to go with refinance or sale in order to realise a gain.
Debbie Williams wrote an article in YIP mag a while ago on that strategy. Can't remember which issue, sorry.
It's one of those "R" things they often talk about as a way of making quick and easy money on a property deal eg.
Re-zone
ReTitle
Renovate
Rcan't remember the other ...
Debbie Williams wrote an article in YIP mag a while ago on that strategy. Can't remember which issue, sorry.
It's one of those "R" things they often talk about as a way of making quick and easy money on a property deal eg.
Re-zone
ReTitle
Renovate
Rcan't remember the other ...
Thanks guys. The property with the Moity title I've spotted here in Adelaide may very well be the one 'bernly' was considering - it's cheap is in a very small complex and in a desirable suburb. It's also back on the market after contract failure.
I wonder how the tax implications would differ from this set up if at all?
I wonder how the tax implications would differ from this set up if at all?
Wonder if Kath & Kim bought it?
They like their Moity Toity titled houses.
Project 1080
The project: 10 IPs in 80 mths.
They like their Moity Toity titled houses.
Project 1080
The project: 10 IPs in 80 mths.
