We have just published a new article in which we provide some more details around strata levies (or strata fees) and strata management fees.
There are a number of ways in which a building can be ‘creative’ in reducing the levies it needs to raise. This article highlights the need to do your homework before buying into a Strata building. Low strata levies are only desirable if it genuinely covers the costs of running and maintaining a building. As an owner you should always ensure that your investment is well looked as it ensures the best returns in the long run. Ultimately, you always get what you pay for!
Hit this link for the full article! It is well worth the read.