Strata title

The Strata Titles Act 1967 sought to simplify the process with the introduction of a strata title. The strata title extends the concept of subdivision by stratum unit but the strata title introduces the concept of the owners’ corporation and owners’ corporation rules.

Strata title subdivisions are more popular because they incur less ongoing costs for legal and survey fees, eliminate the need for a service company and can be more readily sold and mortgaged to third parties.