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Converting from Strata to Torrens title

Discussion in 'Development' started by eskander, 20th Jul, 2016.

  1. eskander

    eskander Well-Known Member

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    Has anyone had any experience converting a strata titled unit to a torrens title (SA)?
    What are the requirements/hurdles to do this, costs involved, and significant pros/cons (aside from the potential increase in value)?
    cheers :)
     
  2. thatbum

    thatbum Well-Known Member

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    Not really possible for 99% of strata properties I would have thought. What sort of property is it?
     
  3. D.T.

    D.T. Adelaide Property Manager Business Member

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    Costs would likely be in the form of a surveyor to map out the boundaries, a conveyancer to put the title together and a nominal fee to state and / or council so that they can have their Friday afternoon drinks.

    Hurdles would likely be the approval from the body corporate to amend their plan. Especially if there's any common areas (not only 'space', but also services like water or utility lines) that would be become personal. There might need to be separate stuff laid.

    Other issue is that there might be a different fire rating or building code needed for a torrens title dwelling than it currently has which means you might need to go about doing works to bring it up to compliance.

    If you're referring to the property I think you're referring to, it'd likely be very difficult since you're the middle unit and it'd leave the other 2 'stranded'.
     
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  4. Scott No Mates

    Scott No Mates Well-Known Member

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    In order to convert from strata to torrens, you need to consolidate the entire strata plan, which generally means that you need to own the entire complex. Otherwise, if the lot you own is of a size which would qualify for title in its own right (refer to the LEP & DCP), then you'd need to submit a DA for the re-strata titling (new strata sub-division, compliance with any new DA requirements, building upgrades etc). If it isn't a free standing ground floor unit you may find it difficult to progress beyond 'Hi, my name is Eskander & I'd like to ....." before they start to laugh.
     
  5. eskander

    eskander Well-Known Member

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    @thatbum @Scott No Mates thanks for the replies guys. It's a ground floor unit in a block of three, all in a row and on a rectangular corner block. Don't own all the units but the other 2 owners are interested in the idea as well
     
  6. Scott No Mates

    Scott No Mates Well-Known Member

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    The likelihood is that the only way to get 3 titles was a strata subdivision as the block is too small to create 3 separate Torrens lots. You'd need to review the LEP, DCP and the planning maps to confirm if it's possible.
     
    Last edited by a moderator: 21st Jul, 2016
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