I recall someone on this forum once said the strata fees for a building should be fairly in line with their purchase price. So if you paid $330,000 for the property, the strata fees could be around $35-$40 a week perhaps.
Well. Firstly there is my own complex. We paid $337,000 and the strata fees are $62 per week for a pool, common grounds and insurance. Seems steep to me. 15 units. 3 storey walk-up.
But what really got me to start this thread is an advertisement I saw yesterday for a similar property (10 units and older style, 3 storey walk-up). The property was priced at $349,000 and the strata fees were $90 a week! WHAT THE!?!? It had a pool. Not much of a garden. No lift. WHY!?!?!?!?! Upcoming required maintenance to the old building perhaps?
On a happier note, we have found our absolute dream property. We are in love completely. Sadly, it is for now out of our price range AND we have not put our own place on the market yet but we are doing so in the next month or so. The property is waterfront, 3 bedrooms, bathroom, separate toilet, ensuite, huge laundry, ENORMOUS living area, lovely kitchen, 2 balconies, first floor in a 3 storey walk-up of 6 units. The strata fees are $35 a week. No pool. THANK GOD. Something normal.
Well. Firstly there is my own complex. We paid $337,000 and the strata fees are $62 per week for a pool, common grounds and insurance. Seems steep to me. 15 units. 3 storey walk-up.
But what really got me to start this thread is an advertisement I saw yesterday for a similar property (10 units and older style, 3 storey walk-up). The property was priced at $349,000 and the strata fees were $90 a week! WHAT THE!?!? It had a pool. Not much of a garden. No lift. WHY!?!?!?!?! Upcoming required maintenance to the old building perhaps?
On a happier note, we have found our absolute dream property. We are in love completely. Sadly, it is for now out of our price range AND we have not put our own place on the market yet but we are doing so in the next month or so. The property is waterfront, 3 bedrooms, bathroom, separate toilet, ensuite, huge laundry, ENORMOUS living area, lovely kitchen, 2 balconies, first floor in a 3 storey walk-up of 6 units. The strata fees are $35 a week. No pool. THANK GOD. Something normal.