Putting a Carspace on my unit title

Discussion in 'Development' started by Terrychris, 12th Jan, 2017.

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  1. Terrychris

    Terrychris Well-Known Member

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    i have noticed a Car Space for sale in my building.

    Its on a separate title from the unit,

    I would like to buy it and put it on my Units title meaning my unit 154 has a apartment plus carspace ,can this be done?
     
  2. thatbum

    thatbum Well-Known Member

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    Why would you want to amalgamate the titles? Surely it would be worth more separate.

    I'm surprised a car space even has a separate title actually - are you sure its not some other form of ownership?
     
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  3. Terrychris

    Terrychris Well-Known Member

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    no its apparently a title and the owners are allowed on the Strata committee too
    Some of them only own a carspace
     
  4. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

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    If it is on a separate title then why not leave it on that? Can still sell together, mortgage together etc.

    If not then it can be an expensive process or can be really cheap. Depends on how it is structured in the scheme.
     
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  5. Beano

    Beano Well-Known Member

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    Yes don't merge the title (not that i think it is possible )
    Yes quite to have a separate title for a carpark
    It is also common for the BC to create parks on common property
     
  6. Gockie

    Gockie Life is good ☺️ Premium Member

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    Buy the carspace and keep it on separate title. Note you'll get a strata levy on it every quarter too.
     
  7. Shady

    Shady Well-Known Member

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    Yep, agree with others..it's common and leave it on separate title.
    You will get another strata levy but it would be the same if you merge the titles...they'd reallocate the unit entitlements so you'd get only one strata levy but it would be increased.

    What you will get is a second council rates notice BUT...most councils will allow you to amalgamate a unit lot and car space lot for rates....North Sydney Council used to do this for free but they now charge $240 odd for it...still worth it. Other councils may do it for free others may charge.
     
  8. Chilliblue

    Chilliblue Well-Known Member

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    ^^^ what they all said. You will need to spend a lot of $$$ and time to combine the titles when you at better off keeping them separate. You have nothing to gain and a lot to lose.
     
  9. Big Will

    Big Will Well-Known Member

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    Like others have written I would keep it separate, gives you flexibility if you ever wanted to sell the spot by itself and if you wanted to sell it with the unit you still can.
     
  10. Inov8ive

    Inov8ive Well-Known Member

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