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SMO said
Average property price is about $200k at the moment, levy is a touch over $1000. So those with property in the $300k range have a much better ratio than those in the $80k range given every unit has the same unit entitlement.
HUH???? Townhouses that cost four times as much have the same unit entitlements as the cheapies? Something seriously wrong with your unit entitlements – or maybe there’s a digit missing.
By the way, are you talking annual or quarterly levies?
@SMO said:
How about 0.005 – 0.007% for unit value range to annual levy ratio.
That is our ratio of average unit sale price to annual levy.
I’m thinking that would 0.5 to 0.7 percent (calculation is annual levies ÷ Property value x 100). That means an average unit ($200K) paying $1000 pa in levies is 0.5% (the upper end of average for townhouses with no facilities.