Circumstances have forced me to look at units/apartments/condos in Sydney.
The general vibe seems to be
Old building with stairs > $1000
New building with Lifts > $1500
Lifts, pool, gym > $2000
What do you get for your quarterly levies?
Is $1600/quarter for pool gym Rooftop garden/BBQ acceptable?
And if you add the special levies that have over say the last 10 years how much does it go up to?
There has not been any special levy going by the audit of the strata reports, also a healthy capital works fund balance.
You get nothing tangible that you can hold or sell. Depending on the strata as you have indicated you get the use of pools, gyms, rooftop gardens, bbq if they have them and in upkeep of the common area, building insurance & liabilities, stuff that is the communal areas and in most cases water usage, but NOT your electricity or sewage rates or land rates or garbage rates or other rates.
685 pq. Just gardening, rubbish, building maintenance . $300k in strata pool, Rockdale
Building was built in 1996. Never had special levies
I would say you get what you pay for. higher strata fees, more facilities
It depends on whether there is sufficient parking to accommodate a Chevrolet, and also what the current water level of the levy is.
It's dry.
We are going to die today.
I pay $900 a quarter and get nothing :'(
Makes 1600 for pool, gym, Rooftop and lifts seem worth it .. :(
It depends on how many apartments there are in the strata, how many amenities there are (elevators are super expensive to maintain) and how well run the strata is. There needs to be enough money put aside to cover future expensive maintenance (this is what a capital work fund is for). If you are buying into a strata I would ensure you get a strata report done.
I pay $1500 for none of that ðŸ˜
670 pq old block, stairs only. St George area.