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What is Titled Land?

An Guide to Understanding Titled Land - 2024-05-27

Titled land signifies property that is build-ready, whereby compliance has been achieved, and a Certificate of Title from the Land Registry of Victoria has been issued. This certificate clearly defines the boundaries and confirms the owner’s exclusive rights to own, occupy, and transfer the property. It offers a secure legal foundation for development and investment. Once titled land has been purchased and settled on, the Certificate of Title is transferred into the new buyers name. Once this occurs, buyers can build straight away.

 

So, what are the benefits of Titled Land?

 

A blank canvas:

Titled land is a blank canvas, eliminating the risk and complications associated with knocking down and rebuilding. This saves time, simplifies the process, and avoids demolition and cleanup costs.

Save on stamp duty:

Purchasing land saves on Stamp Duty, as it is only required for the land and not the home you build.

Ease to build what you want, when you want:

Acquiring titled land streamlines the building process. It reduces the costs associated with renovating older homes, including maintenance and structural repairs. Additionally, you have the freedom to design a home to your exact specifications without compromising existing layouts or features.

All utilities included:

Purchasing titled land at Marran Run includes all utilities – electricity, telecommunications, water, and sewage. With these already in place, you avoid extra expenses and delays, allowing you to start building immediately.

 

Titled land allows the buyer to have peace of mind and legal certainty, as they are provided with well-defined boundaries and precise documentation of their purchased Lot. Titled land is the better option if you are seeking to build a new home; a hassle free and affordable solution that allows you to build your dream home right away.

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