strata levies

Let’s break it down!

Levies are based on the budget owners approval and can cover three key ways of raising funds:

• Administrative Fund – For everyday/ year costs like gardening, cleaning, insurance, fire & lift contracts and bills.
• Sinking Fund – long-term saving for projects like roofing or painting.
• Special Levies – For unexpected or planned major expenses.

Each owner pays based on unit entitlements, basically a percentage, applied by the strata plan.

No two Strata groups have the same costs, maintenance and levies