Posted in strata fees
What are strata fees?
Posted by Mark Attard
on 18 March 2025
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When purchasing a property in Melbourne, especially an apartment, townhouse, or unit, it's crucial to consider ongoing costs beyond your mortgage repayments. One key expense is strata fees, which cover the maintenance and management of shared spaces within the complex. Understanding these fees will help you budget effectively and avoid surprises down the track.What are strata fees?Strata fees, also known as body corporate fees, are contributions made by property owners in a strata-titled build...
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