Buying guide
What is a body corporate and how does it work?
If you buy an apartment or townhouse you may need to deal with a body corporate. Here’s everything you need to know
AI summary
When buying a unit title property like an apartment, you automatically join a body corporate. This legal entity manages shared areas, building insurance, and finances, funded by annual body corporate fees from all owners.
These fees average $4,000-$6,000 and also cover a long-term maintenance plan. The body corporate sets rules on things like pets, parking, and noise. Before buying, it's vital to perform due diligence by reviewing its financial records and meeting minutes.
How does a body corporate work?
How much are body corporate fees?
Your body corporate may limit the way you can use your property.
Body corporate rules explained
Buyer’s due diligence: how to find body corporate details
Always check the body corporate rules before buying an apartment.
Getting help reviewing your body corporate
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