Latest / The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1697 - WHY ARE MY STRATA LEVIES SO EXPENSIVE?
💰 Why have strata levies increased so much?Many buyers see higher strata fees and immediately think they're paying too much. But here's what those levies actually cover:🏢 Building insurance🧹 Cleaning & maintenance🌿 Gardening🔥 Fire compliance💡 Common area electricity🔧 Repairs & maintenance🏗️ Capital works fund for future building upgradesOver the past 20 years, the cost of running apartment buildings has increased dramatically. Building insurance, maintenance, compliance, and utilities have all become significantly more expensive, which is flowing through to strata levies.The key takeaway?…
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