All Topics / General Property / Freehold townhouse hidden costs

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  • Profile photo of alacrityalacrity
    Participant
    @alacrity
    Join Date: 2008
    Post Count: 7

    I am thinking of buying a freehold townhouse in QLD.  There will be no annual body corp fees to pay but are there other costs that a regular townhouse would not have?  ie like more land tax?.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    As long as the Title is Freehold then there will be no extra costs.

    Buildings Insurance will be your responsibility where normally in a Body Corporate arrangement this cost will be covered in the administration fund expenses. 

    Richard Taylor | Australia's leading private lender

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