What is a property title?

The title is a legal document, often a certificate, which defines what property you own. Everything that affects your property will be listed on the title as well as who the owner(s) of that property are. This includes mortgages and caveats and also any easements, rights of way or covenants that either benefit or disadvantage the property.

Acceptable title types

Torrens title: This is the most common type of title with a single document with guaranteed ownership. The title is registered with the state government so there are few disputes or unregistered dealings. Torrens title is commonly used for land or houses.

Strata title: This is a type of torrens title commonly refers to unit, apartment or townhouse properties. Strata titles define the property as the airspace occupied by each unit, with common areas such as gardens and stairwells that are shared by each owner. A strata corporation is set up to handle maintenance of common areas and insurance of the buildings.

Community title: Similar to strata title, community title usually refers to an entire subdivision or neighbourhood. By setting up a community title rather than a strata title the entire community can pay to look after common grounds and gardens, security, tennis courts, pools and any other services in the neighbourhood that can all be shared by the occupants.

Company title: For more information about company title please refer to our company title webpage.

How much can you borrow?

First home buyer: 95% of the property value.

Investor: 95% of the property value.

Low doc: 80% of the property value.

Discounts: Competitive professional package and basic loan discounts are available.

Note: For all of these title types there are few restrictions on the amount you can borrow.