Have you ever looked at a property that is registered under a 'Unit' or 'Stratum in Freehold title?

An important thing to note is that there may be a body corporate fee you will need to pay yearly.

This will often cover insurance and maintenance of the grounds.

It’s also important to note that there are specific rules you will need to abide to if you are the new owner.

 This can all be found in the Pre-Contract Disclosure Statement.

The agent should know what this is, so just ask them what are the most important things to know are and then have a good read of it yourself.