Is there a catch I should be looking for or beware of ? For example are future management fees going to be much higher ?
As I wrote previously, ask about schedule B or ancillary fees. Are you going to be slugged for every phone call and email?
If you are being offered a discount for the first year, then you should expect to pay full fare thereafter, otherwise it wouldn’t be a discount.
How long is the term of the full contract on offer (I’m not sure if Vic has the same limit on strata management terms as NSW).