what is the diff. between strata title and torrens title.
which is better? for first home buyers point of view?
can i save more on strata? ,cheaper?the agent is talking about insurance i can save and stuff like that, does it balance or same to buy house and land?
please help thanksfrancisgabriel
Yes you wil lsave money on insurance wit hstrata but pay a lot more in body corporate fees. Sounds like that agent is trying to talk you into something.
With Torrens title you own the land component – and usually a larger land component than a strata property.
Land appreciates.
Generally a house and land is a better investment however there are always exceptions. Views for example can make an apartment a lucrative investment.
But as a rule of thumb – capital growth generally favours homes on blocks of land. If you can afford to start there then this is what I would do.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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