Buying guide
How much are body corp fees?
A look at the average cost and the factors that affect it
AI summary
When buying an apartment or townhouse, you'll likely pay body corporate fees, which average $4,000 to $6,000 annually. These fees cover shared costs for common areas, including:
- Insurance and utilities
- Cleaning and repairs
- Maintenance of amenities like pools or lifts
Fees are influenced by the building's age, size, and facilities. Before buying, it's crucial to review the body corporate's financials and long-term maintenance plan to avoid future surprises like costly special levies for major works.
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?
Author
Discover More
'We never treated it like a fancy mansion': Grand on the outside, beloved family home on the inside
A grand Gisborne home has been a much-loved family base for 14 years, with its next chapter now up for auction.
The two policies that could shake up the property market after the election
Election uncertainty could slow spring property sales as two major tax policies come into focus.
Search
Other articles you might like
