6 July 2021 Posted In: Uncategorized

The Market Herald

A new type of land tenure that provides an alternative to strata title is now in effect in WA.

The Community Titles Act 2018 gives effect to a new type of tenure and subdivision – the community scheme — which offers an alternative to strata.

A community scheme enables the subdivision of a single parcel of freehold land into multiple schemes, called community titles schemes.

To read the article in full, including comments from UDIA WA CEO Tanya Steinbeck, click here.

Related Posts

HIGH RENTAL RATES FLOW THROUGH SECTOR

AS WE MOVE INTO THE WARMER WEATHER INTEREST IN THE PROPERTY MARKET USUALLY PICKS UP AND THAT IS SHOWING THROUGH OUR WEEKLY DATA WITH THE LOT SALES TREND TICKING UP OVER THE LAST FIVE WEEKS. Because of where we are in the market cycle however, there is likely to be a lot of mixed messages […]

Read more

DAPS FEEDBACK MIXED

THE DEPARTMENT OF PLANNING UNDERTOOK A REVIEW OF DEVELOPMENT ASSESSMENT PANELS RECENTLY AND FEEDBACK WAS MIXED. Development Assessment Panels (DAPs) were introduced into Western Australia in 2011 with the objective of increasing transparency, consistency and reliability in decision making on complex development applications. Controversial at the time, the panels included representatives from local government as […]

Read more

LOT SUPPLY LOOKS GOOD IN SHORT-TERM

UDIA RECENTLY RELEASED OUR “URBAN DEVELOPMENT INDEX” WHICH IS A SURVEY OF OVER EIGHTY DEVELOPMENTS. THE SURVEY COVERS AN ENORMOUS VARIETY OF INFORMATION BUT THE DATA THAT EVERYBODY LOOKS TO FIRST IS WHETHER THERE WILL BE ENOUGH LOTS FOR SALE OVER THE NEXT FEW MONTHS. The simple answer is yes, the industry is continuing to […]

Read more