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strata land parcel relocation

Discussion in 'Development' started by HomeMinister, 21st Jul, 2015.

  1. HomeMinister

    HomeMinister Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    57
    Location:
    Melbourne
    strata land title

    Hi just a question regarding strata titles. i own a unit on 8 unit strata in VIC and it is very old nearly 35+ years.

    I think there could be a future proposal to scrap and rebuild the whole build. My worry is i own a corner unit

    with fence and land of my own. if they develop it again can they push me to a middle unit in the new strata title?

    any other issues with this kinda redevelop scenario?
     
  2. Pistonbroke

    Pistonbroke Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    395
    Location:
    Guangzhou
    35 years isn't old.

    To dissolve a body corporate (in NSW) you need 100% of owners to agree not sure what it is in Victoria. <5% of BC have been terminated.

    It is generally unviable to redevelop existing strata complexes unless the density is much greater than the current ie at lest 3x greater.
     
  3. Chilliblue

    Chilliblue Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,578
    Location:
    Australia
    Michael Teys who specializes in strata law has started a new business called Block Strata in NSW. Give them a call to see what your rights are. They do all states.