What are the three titles of Australian real estate?

2. Name of stratum

3. Community name

Torrance property right is just a whole piece of divided and independent land. At present, most houses on the street belong to Torrance property rights, and there are also townhouses and duplex houses. This kind of land is characterized by its independence. Owners need to manage and maintain the property by themselves, and they can also apply for alteration or reconstruction of the property.

Class ownership is a lot of land ownership divided from a piece of Torrance ownership land. Most apartments and some townhouses on the market now belong to hierarchical ownership. The biggest feature of this kind of property is that the building is taken care of by the property company in charge of the stratum, and the owner pays the corresponding management fee every quarter. The property company will help the owner to carry out property maintenance services such as property security, cleaning, insurance, pest control and weeding.

Co-ownership means that the house is located in a comprehensive large-scale residential area, and the roads, gardens and natural landscapes in the residential area are owned by the owners, and the local Council is no longer responsible for the management of public roads and gardens. Therefore, based on class ownership, the owners of community ownership need to pay extra community fees every year to ensure the cleanliness and maintenance of public spaces. Of course, the characteristics of residential property rights are that there are many spaces in the building and many supporting living facilities. Classic cases of community property rights in Sydney include liberty Grove and Breastpoint.