Totally agree with cutting electricity costs in the common areas as the #1 way to lower your levies.
In our building we have run 10 energy saving projects over the past 3 years and reduced our common area electricity costs from $22,800 to $5,200, a saving of 77%.
This is equivalent to a saving of $440 off each unit’s strata levy each year.
The bonus is that reducing electricity costs increases rental yield and the value of each apartment in our block has risen by an average of $8,800 just due energy cost reduction.
Brent Clark
Chairperson
Chatswood (precise address deleted – Whale)