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Torrens Vs Strata Title – What is the difference?


People often look at alternatives to a free standing house when renting and buying and there are plenty of units, town houses and villas around, so what differences do you need to be aware of?

Torrens Title

Torrens title means you are the sole owner of the property. ‘Torrens’ refers to a land title system, where the owner of the property owns the land and the building on it. With a Torrens title, you secure your land through registration of title. When you buy under the Torrens title system, the registrar will issue you a certificate of title. An example of a Torrens Title property would be any normal block of land with a single house.

Strata Title

Strata title schemes are composed of individual lots and common property. Properties that are adjoining in some way – like apartments or townhouses – are normally bought under strata title, because they share some common areas such as roofs, lifts, gardens, driveways, etc. The common areas must be maintained by all lot owners collectively and any expenses incurred will be shared through the Body Corporate or Owners Corporation.

Strata buildings require the owners to pay a levy that covers the ongoing expenses of maintaining the common property.

NOTE: If you are looking to buy a strata property, it’s a good idea to closely examine the financial health of the owners corporation to see how funds are managed and to get an understanding of what costs are involved.

Great things about strata titles include:
Some negatives about strata titles are:
Torrens title properties allow you free reign:

What’s the next step?

For all loan enquiries chat with a member of our lending team by arranging an appointment on 02 6763 5111 or visit our branches in Tamworth, Gunnedah or Narrabri.