Hi there. Newbie here from WA and am wondering what is this ‘Green title’ found in ads and how important it is when investing in a home?
Cheers.[cap]
G’day,
Green Title refers to the type of title that is registered with the Dept of Land Admin. There are a few different types of property available, with the main being Green, Strata, and Purple…purple not so common now.
Green title simply implies that the owner of the land has full ownership of the property and any improvements without “sharing” with anyone…i.e no common land, and no extra expenses.[cap]
When we are talking about investing, it doesn’t really matter whether the property is Green Titled or not, the land component of either will increase in value over time..however Green Title is a prefered title and will therefore increase in value generally faster than a strata block.
Hi,
There have been quite a few posts on the various merits of “green title” versus “strata title” which you may want to look up. You may also want to do a search on zoning as this has also come up quite a few times.
Also bear in mind that green title applies to houses and not to units which would come under strata or company title. In terms of investment impact, you would also then have to include strata fees for units for upkeep of the grounds and building, and management fees.
Good luck!!
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