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Developers can still emply a low levies lurk, setting fees at unfeasibly low rates to attract buyers, then sit back and watch as they rise to meet real needs and angry owners tear each other apart.
[See the full post at: Time to finally end the disruptive low levies lurk]
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If you are planning to purchase in a new strata building, and you can’t work out if the levies predicted are reasonable, then you can approach an independent strata manager, and pay them to review the predicted levies, and report to you if they are realistic or not. It’s best to approach a strata manager that is responsible for similar buildings in the same area, and they will normally be able to tell you what the expected range for the levies will be. It will depend on the facilities in the building, and a lift, or 2 lifts, pool, gym, embedded networks, centralised AC or hot water etc, will affect the amount you would expect to pay.
Even if the developer is above board, I would assume the levies will be higher than the developer claims.
For example gardening and cleaning can vary a lot depending on how thoroughly the job is done
Things like fire assessment also vary a lot in price.
In my commercial strata it’s taken above 4 years from inception to ” stabilise” the levies.