TL;DR: Owners Corp charging $3.8k each. We have no pool, no lift and very little common area except for carport and hallways. Is this too much? what are other people paying?
I'm living in the West of Melbourne in an apartment building with 8 apartments.
I'm currently being charged $3.8k for a year and have been told by other residents this has increased 2 fold in the pasts 5 years.
I've heard other people pay like $2k max for similar area.
I have just received my budget for the next year and the main items that stand out are (divided by 8 of course)
Care taking 3500
Common Electricity 1600
Essential Services Fire Monitoring 3000
Essential Services Repairs & Maintenance 1000
Insurance 6000
Maintenance 5000
Anyone have experience with this and care to share thoughts? I know this can vary greatly between buildings etc but I feel this is way too much.
Well if they have the costs itemized then there is really nothing you can do other than pay. Have you gone to any of the bodycorp meetings, because all the costs each year would have been brought up and approved by the owners during these meetings you know. You could sell up and move too.