澳洲Australia property Strata vs Torrens | Sydney
在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m
There are a couple of regular posters at the SS forums that are big fans of strata: one in particular justifies their enthusiasm by arguing that the strata fee is basically property maintenance fees that would be paid by the land lord anyway.
I am considering that argument.
It got me thinking: what other fees could be lumped in the strata ledger? Building insurance perhaps? In which case the numbers begin to stack up better for strata as an investment for me.
Well technically strata title is torrens title...
But strata offers several advantages over property with high land content.
Less maintenance (taken care of by body corporate)
Low land tax (because land content is low)
Building Insurance is taken care of by body corporate and is effectively paid for by your strata fees
Can be more secure than landed property (in terms of theft etc)
The cons are:
Lower LVR for high density units (LMI doesn't like them)
Heavily reliant on body corporate to do a good job
Strata fees can increase significantly if the sinking fund is inadequate or a major repair is needed
No development potential
At the end of the day the numbers have to stack up.
So the building insurance is effectively included in the strata fee... that could take a couple of hundred dollars off the strata ledger then.