The Fifth Estate
Western Australia now has a new type of tenure that proponents say will deliver greater housing diversity, enhanced common spaces and even open the door to shared sustainability infrastructure.
Similar to a strata scheme, the newly introduced community title scheme entrusts lot owners with shared ownership and responsibility for common areas on the property.
Community title schemes differ from strata schemes by allowing the subdivision of a single piece of land into up to three tiers of schemes called community titles schemes. Strata titles, by contrast, allow only one scheme to be created on a single parcel of freehold land.
To read the full article, including extensive comments from UDIA WA CEO Tanya Steinbeck, click here.