› Flat Chat Strata Forum › Levies and Unit Entitlements › How do you guesstimate levies? › Current Page
Any conversation comparing levies or using rules of thumb runs the risk of owners becoming comfortable with a building’s financial position when there is no reason at all to be comfortable.
There are just too many variables to average out a common levy.
All true. But how does a newcomer to strata even begin to work out if their levies are off the scale as either too high or too low. The answer is that they ask the question and search the records and discover all the variables mentioned in the previous two posts. Or maybe they just discover that the levies were set at a level to suit parsimonious committee members or deceptive developers AFTER they have bought in.
Guesstimates and benchmarks are not definitive, by definition, but they are a better clue to the reality than saying “how long is a piece of string.”