Hello all,
If you own a duplex, do you pay body corp fees for EACH one or for both? Is it the same for council rates as well?[blink]
Are duplexs strata titled? i.e can you buy only one?
Thanks
Karl and Rita
The future belongs to those who believe in the beauty of their dreams. – Eleanor Roosevelt
Is the duplex part of a bigger group of units? If not, and if you own both, why would you need a body corporate? Just treat the two units as separate entities.
Strata titling depends on how the current owner set things up ( I think ). You would have to work out the benefits / non-benefits of having the units strata titled and under a body corporate.
You do not have to buy both units in a duplex. But you do have to pay rates for each one though.
Not a lot of info here, but all helps in the end right?
Cheers
“Looking forward to the day when I can tell the boss where to go”
Hi Karl & Rita,
Duplexes are recognised by the council and various government authorities as being separate properties and as such the owners of each half will receive separate bills for things such as water use and rates, council rates, land tax levies, popwer etc.
Check wether or not you have to have a body corporate group anyway – in Q and WA 2 units in a strata is optional. However all said and done it would pay for the two owners to make sure the other is paying their building insurance – in the event of a structural fire it is highly likely both would be damaged to varying degrees.
It is possible to only buy one half of a duplex although from time to time owners may own both halves. There are a number of advantages to owning both halves and some investors prefer to buy and sell the pair in one transaction.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
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