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Topic
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How much are strata fees per-quarter, in modern apartment buildings built 2000-onwards.
I’m talking about the ones that have 2-lifts,indoor 20-25m pool, gym, underground parking.
And ones where the common-price of a 2-bedder is at least 800K and above.
Often it may have a building-manager or a full time 24hr concierge, and CCTV cameras car-park and front-entrance.
Any rough guide unofficial averages. Sinking funds also often eat up alot of cash in new and old buildings.
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Replies
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The one thing you haven’t mentioned is how many apartments there are to share the costs.
However, as a very rough rule of thumb, for a building with all those facilities, annual levies should be around 0.7-1.5% of the unit value. However, an older building (more than 10 years) will have absorbed a lot of set-up costs and should have a healthy sinking fund so it may be at the lower end.
That said, anything that is outside of even that very broad range is suspect and you might want to query where all the money is going.
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.
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