I don't see $2000 in rates and levies being too much of a problem as $500 is probably for water rates and another $500 for council rates. That leaves $1000 which could reasonably be split up between $150/quarter in normal levies and another $100/quarter going toward a sinking fund in lieu of future repairs/maintenance. It is pretty expensive to do things to a whole block of units, an example being a quote of $9000 to paint a block of 12 flats that a 3 stories high, $6000 to put in individual gas metres....
A good idea would be to make an offer subject to your acceptance of the minutes of the previous 3 AGM's for the strata body. That way you get to see the budget for those years and get an idea of where the money is going and how it is trending plus you get to see who is vocal at the meetings and what their agendas are
Glenn
A good idea would be to make an offer subject to your acceptance of the minutes of the previous 3 AGM's for the strata body. That way you get to see the budget for those years and get an idea of where the money is going and how it is trending plus you get to see who is vocal at the meetings and what their agendas are
Glenn