The council gave us the 'owners' name for the back fence, which turns out to be the original developer. They say it is definitely sold but council paperwork hasn't been finalised, maybe because of Xmas. They also say they are getting a lot of this. The block is now up for sale. Is this a new strategy by investors - to pay for the block and have ownership but carry out final settlement and only pay all expenses when the block is resold? Maybe a saving of interest and stamp duty and conveyancers fees I guess?.
I owned one property where the title was never registered. I only found out when I sold it - about 3 years later. I am not sure how it works with PEXA and online settlements but it might be at settlement. Other things to consider a) settlement hasn't occured, or b) there is an option taken to purchase.
Interesting tip. This block is up for sale so I wrote a registered letter and took it to the agent who has the block for sale and said 'No privacy issue, I don't want to know their name, but could you just send it on to them'. No worries, not only that, but he said as original re for the whole subdivision, they all had to sign a disclaimer that we could give out their name to new neighbours for fencing issues, so they also gave me the owners name for the back fence at my daughters block. Yeah!
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