Yes and no. My block is small with one lift and a gardener. Our levies are about $15,000/year and about to go up because we have a couple of projects in our capital works plan that need doing (or we might do a special levy). The value of each lot is about $5million, so the levies are low compared to the value. Why this high value with so few facilities? It’s because they are waterfront on Sydney Harbour. So it’s less about property value than the costs of maintaining services.
We are charged enormous land taxes (those of us who are landlords), so we still pay a lot.