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?
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24-05-2016 14:23 #1
Community title scheme
24-05-2016 14:49 #2
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 !
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24-05-2016 17:20 #3
24-05-2016 17:26 #4
Less, Torrens Title is the best title so you would pay less for community title - are there any other recent sales in the estate?
24-05-2016 19:28 #5
By Spankytown in forum General ChatReplies: 1Last Post: 31-08-2015, 16:08
By SpecialPatrolGroup in forum General ChatReplies: 37Last Post: 12-06-2015, 10:57
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