#13911
DaveB
Flatchatter

    Peter C is most likely from the ACT, where the legislation allows for Class B units.    Unlike in NSW the Class B units structures themselves are, in theory at least, maintained by the owners, so the levies would be much less.   Having lived in that situation in a group of 50, as the units aged it was very hard to get some recalcitrant owners to spend money on their properties, so some of the units presented a rather shabby appearance alongside their neighbours.   It was possible to repair such properties at the expense of the owners corporation, and then enforce recovery, but why should other owners have to do this from their scarce communal funds? As the current owner of two units (townhouse and villa) in NSW I am much happier with the legislation here which allows an even standard to be applied thru the complex, and for economies of scale to be achieved when doing such things as a general repaint.  On present value of property my levies would represent about 0.5% per annum.