The Property Tribune
The Community Titles Act 2018, set to allow for a new innovative and flexible form of land tenure, is now in effect in Western Australia.
The reform gives effect to a new type of subdivision – the community scheme – which offers an alternative to stratas. The scheme enhances flexibility to management and staging of new mixed-use developments by using a multi-tiered structure.
This means a single parcel of freehold land can be subdivided into a maximum of three tiers of schemes, allowing for an integration of retail, commercial and residential uses under a single overarching scheme.
To read the full article, including extensive comments from UDIA WA CEO Tanya Steinbeck on UDIA WA’s support for community schemes, click here.