Ruth7862 Posted July 25, 2022 Share Posted July 25, 2022 Am I right in thinking that buying into a strata building is the same as buying a share of freehold in the UK in a property with some shared areas? Is there anything similar to leasehold in Victoria where the length of the lease reduces year on year? Quote Link to comment Share on other sites More sharing options...
Marisawright Posted July 25, 2022 Share Posted July 25, 2022 In general, Australia doesn't do leasehold for residential properties. The only place you'll see it is in retirement villages and then it's often a bit of a rort. Quote Link to comment Share on other sites More sharing options...
NickyNook Posted July 25, 2022 Share Posted July 25, 2022 9 minutes ago, Marisawright said: In general, Australia doesn't do leasehold for residential properties. The only place you'll see it is in retirement villages and then it's often a bit of a rort. And in Canberra. All the land in the ACT is held on 99 year Crown leases. 1 Quote Link to comment Share on other sites More sharing options...
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