› Flat Chat Strata Forum › Levies and Unit Entitlements › Why are my Strata Levies so high? › Current Page
06/07/2021 at 9:38 am
#56881
You should be able to see a breakdown of the Owners Corporation’s budget in the papers presented at each AGM. Does anything stand out? One common reason for high levies is earlier low levies. A possibility is that levies were kept too low for a period of time, resulting in insufficient reserves in the Sinking Fund and now a more responsible committee has adjusted the budget to build up funds for planned maintenance over the next decade.