Hi guys,
I have never purchased a unit previously however am currently exploring the market as I feel it may best suit our current needs. I am however struggling to understand the rationale behind strata fee price variances.
I fully appreciate that the greater the services typically the greater the fees – pools spas gyms etc all cost money and have to be paid for some how. That said one property I recently had an interest in was a 1 bedroom old warehouse conversion in a block of 14. No onsite manager, no joint services, nothing and the strata fees are quoted at $930 PER QUARTER. Looking at other properties in the area they are charging as low as $500 per quarter.
Does anyone know how these prices are fixed and what they contribute to – if the money was going towards a major refurb and then reverting to a more reasonable rate it may be financially worth my while but if not then how is this number arrived at.
All thoughts appreciated.
Craig
You must be logged in to reply to this topic. If you don't have an account, you can register here.
