If you’re looking at blocks of land for sale, you’ve probably seen the phrase “titled land” or “titles due…”
So, what are titles and why is it so important?
Well, you can only build a home on a piece of land if it’s titled. This means that if you want to be living in your brand new home sooner, you will need to look for a block that is already titled.
What is titled land?
A block of land can either be titled or untitled. If it is titled, it means that there is an official document that outlines who owns the block. If the land is untitled, it means that there’s no document for it. Untitled land is commonly found in new land estates and often there are no existing services onsite (e.g. power dome).
Why is titled land important?
If a lot is already titled, it means that ownership can be transferred to you. For an untitled block, you will have to wait for titles to be issued (e.g. the ownership documents) before you can own that piece of Perth. You won’t be able to build on a block of land unless it is titled.
Where can I find titled land?
When Perth’s property is at the bottom of the market, there’s more titled land available (supply is bigger than demand). But when the market improves and more people are buying, there’s not enough land to keep up (demand is bigger than supply). The Move Homes team have great relationships with Perth’s best land developers and we’re always on the lookout for blocks close to the city!