+ Reply to Thread
Results 1 to 5 of 5
  1. #1
    Join Date
    Aug 2009
    Location
    Sydney
    Posts
    2,222
    Thanks
    1,383
    Thanked
    1,270
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts

    Default Community title scheme

    Does anyone know how much a property should be discounted by if it is a community title?

    i.e. a house with torrens title vs a house on a community title

    if the torrens title house would ordinarily be worth $1m, how much would you think is a fair price for an equivalent community title house?

  2. #2
    Join Date
    Jul 2010
    Posts
    10,644
    Thanks
    3,248
    Thanked
    6,602
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    It honestly depends on the location , demand for property at the time and condition. I sold a community title unit on Sydney Harbour and there was no price difference but for the average unit in a normal location it does turn some buyers off with all the restrictions so it truly depends on the market at the time and the other owners in the block and how well it is maintained and their sinking funds ect but definitely use it as a bargaining tool !

  3. The Following User Says Thank You to Elijahs Mum For This Useful Post:

    witherwings  (24-05-2016)

  4. #3
    Join Date
    Aug 2009
    Location
    Sydney
    Posts
    2,222
    Thanks
    1,383
    Thanked
    1,270
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Elijahs Mum View Post
    It honestly depends on the location , demand for property at the time and condition. I sold a community title unit on Sydney Harbour and there was no price difference but for the average unit in a normal location it does turn some buyers off with all the restrictions so it truly depends on the market at the time and the other owners in the block and how well it is maintained and their sinking funds ect but definitely use it as a bargaining tool !
    This is in relation to a house in Wahroonga. It's in a community title estate, is a freestanding house.. Assuming the same house on Torrens title would sell for $1m, would you expect the community title one to be less or the same?

  5. #4
    Join Date
    Jul 2010
    Posts
    10,644
    Thanks
    3,248
    Thanked
    6,602
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Less, Torrens Title is the best title so you would pay less for community title - are there any other recent sales in the estate?

  6. #5
    Join Date
    Aug 2009
    Location
    Sydney
    Posts
    2,222
    Thanks
    1,383
    Thanked
    1,270
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Elijahs Mum View Post
    Less, Torrens Title is the best title so you would pay less for community title - are there any other recent sales in the estate?
    sent you a PM


 

Similar Threads

  1. Replies: 1
    Last Post: 31-08-2015, 16:08
  2. Community service announcement
    By SpecialPatrolGroup in forum General Chat
    Replies: 37
    Last Post: 12-06-2015, 10:57

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
FEATURED SUPPORTER
Melbourne Natural Medicine ClinicLeading natural health practitioners in fertility, preconception, pregnancy, and children's health. We take an ...
FORUMS - chatting now ...
IVF/FET April & May chatConception & Fertility General Chat
Girl or Boy guessSecond Trimester Chat
Bullying recoveryWorking Hubbers - Employed
Any recommendations for convertible stroller?Product Recommendations & Questions
New mattress- onebed?General Sleeping & Settling Chat
REVIEWS
"Pigeon teats rule!"
by Alex
Pigeon PP Wide Neck reviews ›
"Wonderful natural Aussie made product!"
by Mrstwr
Baby U Goat Milk Moisturiser reviews ›
"Replaced good quality with cheap tight nappies"
by Kris
Coles Comfy Bots Nappies reviews ›