#12289
Jimmy-T
Keymaster

    I work on a very rough rule of thumb of annual levies being 1% of the value of the unit plus or minus, say, 0.3%, based the number of facilities the OC has to maintain divided by the number of units. For instance, hotel conversions often have lots of lifts and fewer units, compared to, say, purpose-built apartments, meaning the cost of maintenance per owner (or unit entitlement, if you want to get technical) will be higher. Buildings with no lifts or swimming pools, building managers or secure parking will be cheaper to run. But then they won’t have a swimming pool, building manager or secure garages. Just remember that any new building that offers “resort” facilities with all the bells and whistles as well as low levies is probably a con.

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.