Survey Strata Versus Strata

 In Buying, Investing

Your real estate questions answered by Niki Peinke, Director of The Property Exchange in Subiaco 

Q: A property I’m interested in buying is on a survey strata – how is this different to a strata?

A: Survey strata is different to strata in a few significant ways. It is not as restrictive in its building requirements, and it may or may not have common property (areas that are shared by all or a number of owners).

With a strata property, it you want to make external changes or extend the property in any way, you require the approval of the other lot owners. With a survey strata property, this is generally not required (except in some circumstances).

Simply put, a survey strata gives you more freedom over how your property looks and what you can do with it.

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