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FDU - Future Development Unit question

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  • FDU - Future Development Unit question

    I've come across some land to build on that is currently classified as an FDU or Future Development Unit in a larger development. I'm not familiar with these and it seems that no rates or Body Corporate fees are payable until it is built on. I was wondering what is involved with the Title and how the FDU is converted to a stratum in freehold title like the other lots that are already built on in this development and what costs would be involved?
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