During your home buying journey, you might find the terminology and technicalities of the property industry a little overwhelming at times.
If you’re looking for land for sale in Melbourne, you may have already come across two important terms; titled land and estimated title timeframes.
So, what is titled land?
Put simply, titled land refers to property that has a clear and legal ownership title.
Then what does titled land mean?
When land is titled, it means that the land has been awarded a Certificate of Title, which is then documented with the land registry of Victoria.
This documentation establishes the boundaries of the land and confirms that the land owner has exclusive rights to own, occupy and transfer the ownership of the property.
So what are the benefits of titled land?
And is building on titled land the right choice for you and your family?
1 – Enjoy a quicker build
Titled land for sale in Melbourne is increasingly hard to come by, and for good reason.
You cannot commence a build on untitled land, as there are many steps that need to take place before the land is titled.
Put simply, purchasing titled land is a much quicker and more efficient way to start your home building journey. This is why titled land is not readily available.
First and foremost, if your land has titled prior to purchase, you can take ownership of your lot immediately after settlement, rather than waiting up to 12 months for it to title.
You can also begin your build sooner rather than later, with your builder able to start the process of a building permit as soon as possible.
Builders are also able to provide a much more realistic timeframe for completion, meaning less waiting around and more time to enjoy your brand new home!
2- It’s cost-effective
While existing property for sale in Melbourne can be expensive, buying titled land gives you the opportunity to build a brand new home with a quicker turnaround. This means you can enjoy all the perks of a brand new home in as little time as possible, and often for a more competitive price. You may also be able to lock in the price of your home with your chosen builder.
3- Create your own space from scratch
One of the main benefits of building a new home, instead of buying an established home, is that you have the opportunity to create your own space that perfectly suits the needs of your family.
Fortunately, Meridian offers some of the highest quality house and land packages in Melbourne, and with a range of leading builders to choose from, the world truly is your oyster!
Read more about our builders on our Display Village page.
View available titled house and land packages here.
Consider buying titled land at Meridian
It’s important to start your home owning journey with confidence, and we’re here to help!
Occupying premium real estate in Clyde North, Meridian offers connected, family-oriented living in a modern, thriving community.
Learn more about why life at Meridian is the perfect fit for you and your family here.
With a number of titled lots currently available for purchase, don’t miss this incredible opportunity.
View all available titled lots here.
Call our friendly Sales Team on 1800 463 743 or visit us in person at 4 Zagros Street, Clyde North.
We are open 11:00am – 05:00pm, 7 days a week.