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, building insurance, and long-term maintenance. All owners pay annual fees (levies), typically $4,000-$6,000, to cover these costs.
Before purchasing, it's crucial to perform due diligence. Review the body corporate's financial records, meeting minutes, and rules to understand its financial health and any restrictions. Seeking legal advice to check these documents is highly recommended.
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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