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What does Titled and Untitled Land Mean?

Published: March 6th, 2014

Titled or untitled land? Whats the difference.

The demand for land in Perth Metropolitan areas may have created a shortage of titled residential housing lots, but there is still a great supply of untitled lots. Not sure what these terms mean?

We give you the run down below:

 

Titled Lots:

  • We can start the approvals process sooner.
  • Allows the purchaser to take ownership of the lot quickly.
  • The builder can access and commence work on the site sooner.
  • Obtaining an application of a building license is done faster.

Untitled Lots:

  • You’re buying a block of land off the plan.
  • Often no footpaths, water and power, roads or curbing existing.
  • There is a longer wait until we are able to submit for a building licence, which is required before we start building your home.
  • Have to wait a little longer to get into your home.

Featured image via Aussie Living Homes.

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