Why does it matter what title my property has?
Torrens Title means that you are solely responsible for the property including insurance and council rates.
If the property is strata that means strata manages those things, it also means you may have to pay for common areas in the strata subdivision being repaired, these are often unexpected expenses that are difficult to predict.
If you don't have enough people on your side in strata meetings, you might not even get much say on what money is spent on or how much. If you can get torrens title then that is the way to go is possible.
If you have to go strata title, make sure you examine the strata minutes and what areas of the development are common property, also try and get a gauge of how reasonable other. This is a good way to check if land has been subdivided as well.
How to find if a duplex is torrens title or strata title?
- Click on the NSW sixmaps here, get rid of the box that comes up:
- Zoom in the address that you are looking at and click on the info symbol, then click on the property you are looking at:
Then Click on Lot under Suburb. If the lot starts with SP then it is strata, if it starts with DP then it is torrens title.
Look for dual occupancies that start with DP (torrens title) rather than SP (strata titile).
Look for dual occupancies that start with DP (torrens title) rather than SP (strata titile).
What does DP stand for anyway?
DP refers to deposited plan and refers to torrens title.
What Does SP stand for anyway?
SP stands for strata plan.