VIC when is a house a house and not a unit?

Discussion in 'Property Analysis' started by Matt Fish, 21st Mar, 2024.

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  1. Matt Fish

    Matt Fish Well-Known Member

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    Location:
    Melbourne
    thinking it seems quite interchangeable in re terms

    Melbourne area - so maybe a bit different in other states

    1 house on single block,
    eg 24 daisy st, Essendon, vic 3040 (this is just made up not sure if it actually exists)
    this is a house

    if there are 2 houses on the block and we have:
    1/24 and
    2/24 daisy st, essendon,
    then i would call these units
    unit 1/24 and unit 2/24

    they typically will share half the land and thus will be cheaper than a single house on the block, not 50% but cheaper.

    or is a house on a sub-divided block still a house

    are both 1/24 and 2/24 daisy street still houses and not units.

    if they are separate and not connected they are units?
    if they are connected they are flats/

    cheers and thanks for feedback
     
  2. Trainee

    Trainee Well-Known Member

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    Would be looking at the type of land title instead of ‘labels’.
     
  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Location:
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    House - freestanding with no common wall
    Semi detached home - Freestading with some common wall
    Duplex - Much like semi detached. Usually but not always a mirror or each other one lot. Share some common walls.
    Villa - A lot of land with individual homes with common areas like driveways etc generally not attached but some may be
    Townhouse - A row of property with common walls and boundaries. May be strata or individually titled
    Unit / Apartment - Strata or non-strata property that is multi level but doesnt need to be...eg townhouses could also be strata and look like apartments in the number format. The common walls incluyde floors sometimes. But can also be a single level eg like a old motel.

    Only true way to know is a picture eg Google streetview. . The word "flats" is also used in some locations. Its not a term real estate professionals typically use. Its old school terminology. State Govts and councils dont classify a building as "flats". A propery that is approved for a seperate dwelling may be referred to as a flat eg granny flat. eg a dwnsairs suite that is connected to dwelling OR seperate.

    So Villas, twonhouses, units, partmnets and flat can all look much the same. Sometimes one way to determine apartments is the number format may also indicate the floor lever eg 10006/55-58 Main Road. That suggests it is on level 10. Level 11 will be 11006 etc. Agents must be careful not to misrepresnet a listing too. eg listing 24 Daisy as a sale when its a12th level apartment would be misleading.

    Using 1/24 Daisy as an example could mean anything. Subdivided land, semis, townhouses, apartments etc. Sometimes may not even be a legal title. Legal title could be 24a, 24b and 24c but owners dont like that format. eg Original onwer is now B but dislikes that. Could also sometimes be LOT number not a street number in a street where house numbers are not finalised eg new devlopment. Our house had a lot number for 15 years. #9 was original Lot 29.

    Many agents will not select the appropriate class as it produces a wider range of search results for their listing. Eg house, semis, villas and townhouses... Eg vacant land may appear under land and also house for those seeking to build a house.
     
    Last edited: 22nd Mar, 2024
    Matt Fish likes this.