Get advice about strata title
You may well have the option to have both dwellings sit on top of one another and share some common facilities, such as a driveway, an area for parking, a pool or a laundry. In this scenario, each dwelling would be separately titled, and there would also be a new title for the common property that you and your new neighbours would share. You and the owner of the second lot would then become members of an owner’s corporation.
Anthea Digiaris, an associate accredited specialist in property law at Slater and Gordon, says that although you might be interested in going the strata route, it will ultimately depend on your zoning restrictions and whether it will be appropriate in your area.
“You need to get planning advice from a town planner or architect to work out whether this type of development is right for your particular parcel of land,” she says.
“You need to look at the local council’s zoning requirements and see what’s happening with the other neighbours in your street. You have to work out whether it’s in an area that this type of development will be welcomed or whether you’re going to have problems.”