frosty1Member@frosty1Post count: 61
How much are your body corporate fees?
I have a unit in a group of 10.
$400 a year pays for building insurance and lawn mowing of common lawn areas. ( in Vic ).
I have noticed similar units are up to $1000 and even $1500 for body corp fees .
These are units with nothing special like gyms or lifts or pools etc.
I wonder what the average min and average max is?
Frosty1.IP FreelyMember@ip-freelyPost count: 353
It varies widely – if the BC is self managed, occupants do the gardens/lawns, low sinking fund contributions etc would keep levies down however there are public risk/workers comp issues in this approach.
Strata fees generally cover building/PL insurance, lawn maintenance, common area costs etc as well as the sinking fund (ie maintenance levy). A well managed strata complex has a healthy sinking fund indicating that the BC is actively maintaining the property.bjsaustParticipant@bjsaustPost count: 141
On an old property of mine the BC fees were low, but any time substantial maintenance was required they always had to raise an additional levy to cover it.karen.Member@karen.Post count: 196
ours (in my opinion) are overpriced. $1100 a year for one unit in a set of 4.
You must be logged in to reply to this topic.