What is a crown allotment?
A crown allotment, also known as a crown land allotment, refers to a piece of land that is allocated or designated by the government for specific purposes, such as residential, commercial, or agricultural use. Each crown allotment is accompanied by an official title, which signifies ownership and legal rights over the land.
How many crown allotments are there in the Ballarat region?
According to government records, there are approximately 1,800 crown allotments in the Ballarat region. These allotments offer diverse opportunities for individuals and businesses to acquire land for their desired purposes.
Does a person have to go through a subdivision process to sell or buy a crown allotment?
No, the unique aspect of crown allotments is that you do not need to go through a subdivision process to sell or buy them. This streamlined process eliminates the need for complex legal procedures, making it more convenient for buyers and sellers to engage in transactions involving crown allotments.
Does that mean there are 1,800 cheap blocks out there since there is no need for a subdivision process?
Yes, that’s correct! The absence of a subdivision process for crown allotments can potentially result in a greater availability of land options, including more affordable blocks. However, it’s important to note that the pricing of these allotments can vary based on factors such as location, size, and demand.