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 the body corporate. This legal entity manages shared spaces, maintenance, and building insurance for all owners.
It's funded by owner-paid body corporate fees, which average $4,000-$6,000 annually and cover operational costs. The body corporate also sets rules on things like pets, parking, and noise.
Before purchasing, it's vital to perform due diligence by reviewing financial records and meeting minutes, preferably with a lawyer's assistance.
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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