A built strata subdivision is typically the quickest and easiest method of subdivision available. As with most government processes there are a few catches; however in simple terms a built strata relies on the completion of all buildings. The majority of new built strata subdivisions commence once the buildings are at “lock-up” stage and are generally completed within about 8 weeks from when the buildings are finished.
With the strata titles act having been in operation since 1967 there are also many options available for up-dating and enhancing existing built strata schemes, these can include:
- Vacant lot building strata
- Conversions to survey strata
- Mergers of land and/or buildings
- Exclusive and priority use plans