strata

[Marina28]

I have found an unit i am keen on buying however the strata is $600.00 pq. As i am new to investing, i would like some feeback as to what is considered to be an cheap/reasonable and expensive strata levy? The unit im keen on is within an small complex with no features like pool gym etc.

Marina.

 

[Evachange]

Hard to say?, how old is the building?

If its an older buidling there may be more repairs, also funds going into the sinking fund?

Did you get a strata report?

Regards,

 

[Jamie M]

yeah it's a tough one. An IP that I'm currently purchasing has relatively high BC fees ($1900 p.a). However, the complex comes with some good facilities - pool/spa/bbq area, ect so it commands a higher rent (which offsets some of the BC fees).