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What does Titled and Untitled Land Mean?

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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*Finance provided by Harrisdale Pty Ltd trading as The Loan Company ABN 59 088 462 140 (Australian Credit Licence Number 386355). Lender credit criteria, terms and conditions, fees and charges apply. Your full financial situation would need to be reviewed prior to acceptance of any offer or product. BCN 10805.

© Copyright Aussie Living Homes 2020. Building Contractor 10805. Images for illustrative purposes only.

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