Looking to buy my first home - a 3 BR townhouse in Baulkham hills NSW, its 20 years old, one of the things that concerns me is the strata $1000 per quarter
Being new to all of this, I want to understand the state of the strata finances/health respective to everybody else'
This is a small complex of 3 houses, common drive way, external fence and gardening being shared responsibilities, no pool, no lifts etc.
Admin cost is 650 per quarter, sinking fund is 350 per quarter, Admin funds are about $4000 in surplus, and sinking funds are $12,000 currently. No special levy or works anticipated.
Is this considered healthy state of strata or risky? Is the admin fund too dear for a small complex like this? Do ask me more questions, I do have details on the break up of the admin fund.
Being new to all of this, I want to understand the state of the strata finances/health respective to everybody else'
This is a small complex of 3 houses, common drive way, external fence and gardening being shared responsibilities, no pool, no lifts etc.
Admin cost is 650 per quarter, sinking fund is 350 per quarter, Admin funds are about $4000 in surplus, and sinking funds are $12,000 currently. No special levy or works anticipated.
Is this considered healthy state of strata or risky? Is the admin fund too dear for a small complex like this? Do ask me more questions, I do have details on the break up of the admin fund.