AN EMERGING MARKET
9 August 2013
STRATA SUBDIVISION
A SURVEYORS PERSPECTIVE
CRAIG TERRY
Registered Land Surveyor
STRATA SUBDIVISION
A SURVEYORS PERSPECTIVE
What is Strata Subdivision?
• Strata subdivision is the creation of individual
ownership rights in a Real Property Act title. In
Tasmania this is achieved under the Strata Titles Act
1998.
Why Strata Subdivision?
• It creates multiple titles facilitating ownership
• It is a cost efficient way to create affordable housing
• It adds value and creates alternative financing options
Why uses a surveyor?
• Expert professional advise
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Strata Titles Act 1998
Planning scheme requirements
Local Council approval process
Land Titles Office procedures
• Expert technical ability
• A Strata subdivision plan must be certified by a
registered surveyor - Section (5)(4) of the Act
Who uses a land surveyor?
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Property owners
Property developers
Banks and financiers
Real estate agents
Vendors and purchasers
Where is strata subdivision used?
• Residential properties that contain multiple dwellings.
• Commercial properties that allow separable
commercial uses.
• Rural properties that have separable approved
dwellings.
Staged Strata Development Schemes under part 3 of
the Act provide an opportunity to create separate titles
based on an approved development.
Urban residential strata subdivision
A case study
Staged Development Schemes
A case study
Commercial Strata Development
A hypothetical exercise
What skills must your Surveyor have?
• Experience, experience and more experience