Buying guide
How much are body corp fees?
A look at the average cost and the factors that affect it
AI summary
Buying an apartment or townhouse often requires paying body corporate fees, which average $4,000 to $6,000 annually. These fees cover shared costs like insurance, maintenance of common areas, and amenities like pools or lifts.
The building's age, size, and facilities influence the final cost. Before purchasing, it's crucial to investigate the body corporate's financial health and long-term maintenance plan. This due diligence helps you avoid surprises like large, one-off special levies for major repairs.
How much are body corp fees?
What do body corp fees pay for?
How are body corp fees set?
Most apartments have body corporates.
How are body corp fees charged?
What influences body corporate fees?
As an apartment owner you're automaticallu a member of your body corp.
What to know when buying a home with body corporate
What are special levies?
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