'GOOD TO KNOW' SERIES | PART 1: What does Torrens Title mean?
Torrens title is a land title system which means you are the sole owner of the property/land (and the home on it). You have the freedom to change, improve and renovate—all with-in your local council regulations and guidelines.
The Torrens Title System was first introduced in 1858, named after its inventor, Sir Robert Richard Torrens. Torrens title simply means the purchaser owns the land and building. Which can also be known as “freehold”. Most properties in Australia are Torrens title.
There are usually no ongoing monthly or quarterly fees associated with a Torrens title.