All Topics / Help Needed! / Strata levies and body corporate fees

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  • Profile photo of hermes22hermes22
    Participant
    @organix
    Join Date: 2013
    Post Count: 2
    June 21, 2013 - 3:14 am

    Hi I have a question that I can't seem to clarify by doing an online search

    Is there a difference between strata levies and body corporate fees? Are they essentially the same thing?

    I'm looking at purchasing a townhouse which only lists strata and was wondering if there would be more fees if body corporate fees are separate.

    I know this is probably a silly question, I am a first home buyer with no experience! smiley

    Profile photo of PLCPLC
    Participant
    @plc
    Join Date: 2012
    Post Count: 400
    June 21, 2013 - 3:29 am

    Its the same thing. Some people refer to it as strata fees/levies, others as body corp fees.

    Cheers,

    Tom

    PLC | Phoenix Loan Consulting
    Email Me | Phone Me

    Melbourne based Mortgage Broker | Making Finance Simple

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    June 21, 2013 - 5:30 am

    Yep – I'm with Tom. Could be state specific terminology – in Canberra it's body corporate and across the boarder in NSW it's strata.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of PLCPLC
    Participant
    @plc
    Join Date: 2012
    Post Count: 400
    June 21, 2013 - 7:27 am

    And here in Victoria it changed from body corporate to owners corporation a few years back.

    Cheers

    Tom

    PLC | Phoenix Loan Consulting
    Email Me | Phone Me

    Melbourne based Mortgage Broker | Making Finance Simple

Viewing 4 posts - 1 through 4 (of 4 total)

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