Topic: My Strata Fees are 15k a year and its slowly killing me, – FLAT CHAT

This topic has 5 replies, 4 voices, and was last updated 7 years, 9 months ago by .

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16/12/2018 at 6:26 pm #12093 Reply | Quote
katanakid
Hi I live in a modest studio apartment worth around $500-$550k , its very well located but an old building , my gripe is the blatant rip-off of $15k a year in fees, there is work being done, but nothing has been done in over 2 years and we are all still paying these fees, I cant afford to sell it as the market is down and who would want to move into a unit with those kind of fees, the block next door pay around $650-$800 a quarter, while i pay almost $1,500 a month, I am broken and beaten and feel useless to do a thing about it, we have had many strata managers trying ti solve it and nothing is still being done. Any advice, I am actually at the point of calling FOUR CORNERS to see if they could investigate this, If I move out and rent, the rent would not cover the levies, and if labor gets in I will be punished if I decide to purchase another dwelling to move out into. A country that encourages hard work so you can prosper in retirement is now becoming a distant dream. I am lost and unsure what to do next ! And feel I may have to move interstate or leave the country just to get ahead! FML.
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Reply To: Reply #30930 in My Strata Fees are 15k a year and its slowly killing me,

PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.