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, finances, and sets rules for all residents.
Owners pay annual body corporate fees (levies), typically $4,000-$6,000, to cover maintenance and operational costs. Before purchasing, it's crucial to conduct due diligence by reviewing the body corporate's financial records, meeting minutes, and long-term maintenance plan to understand its health and any upcoming costs.
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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