Translate
Phone Mark Hay Realty (08) 9225 7000

Call  (08) 9225 7000

Sales Enquiries: 9225 7000, Rental Enquiries: 9221 2766
Mark Hay Realty Group, 28/118 Royal Street, EAST PERTH WA 6004

Mark Hay Real Estate
Find a property to
Buy
Rent

  • ...
        
      
      
      
        Any price
        Loading... |
    Beds  
    Bathrooms  
    Carports  

  • ...
         
        Any price
        Loading... |
    Beds  
    Bathrooms  
    Carports  
property search icon

Property Search

buying / renting

New Strata Titles Act Requires only 75% Majority

 

Located in:

With the ability of our company to seek out new investment opportunities, we see a huge potential in some of the older blocks of apartments sitting on valuable land in and around the Perth city, to be now handed a marvellous opportunity to re-package and unlock the redevelopment potential of some of the valuable land these blocks of older apartments currently sit on.

IMG_6479

When the new law gets passed, it will only take a 75% majority to ensure that major decisions such as redevelopment can occur. Indeed we’ve seen this practical application ring true a couple of times in Sydney’s more valuable land areas.

Currently with 100% unanimous decision for consent to be required, it can prove difficult to get these off the ground. Now would be the time for prudent investors to start doing their homework on areas they think could benefit from the change in Act.

Source Mark Hay
January 5, 2018
Posted in:

NEXT POST