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Strata Levy Variability

Understanding your Strata Levies

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Even if your mate down the road owns in a similar style scheme, which has the same number of lots, the same boundaries and built at the same time, they will be vastly different from each other and therefore will have 

Each scheme has its own unique history shaped by different owners, past decisions, and future goals. Let's take a look at an example below. 

Strata Scheme #123

Strata Scheme #124

Quarterly Levy $600

Quarterly Levy $1,000

  • Self- managed 
  • Includes Reserve Fund contribution 
  • Exclusive use by-law of certain common areas
  • High insurance claim history 
  • No gardener 
  • Pays for bin to curb service 
  • On-charges water usage 
  • Water usage included in levies 
  • Recently completed capital works 
  • Saving for capital works 

 

Numerous variables come into play with each strata scheme. Each one is a distinct entity with its own set of circumstances, owners, history, goals, and perspectives on priorities. It's crucial to recognise that no two schemes are alike or directly comparable. 

Taking the time to understand your current financial commitments and future obligations is essential!

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