Buying guide
How much are body corp fees?
A look at the average cost and the factors that affect it
AI summary
When buying an apartment or townhouse, you will likely pay body corporate fees for the upkeep of shared spaces and services like insurance, cleaning, and maintenance. These fees typically average $4,000 to $6,000 annually but can be higher for older buildings or those with more amenities like pools or lifts.
The fees are set in a budget approved at the Annual General Meeting (AGM). Before purchasing, it's crucial to review the body corporate's financial health to avoid future special levies for major repairs.
How much are body corp fees?
What do body corp fees pay for?
How are body corp fees set?
Most apartments have body corporates.
How are body corp fees charged?
What influences body corporate fees?
As an apartment owner you're automaticallu a member of your body corp.
What to know when buying a home with body corporate
What are special levies?
Author
Discover More
The letter that helped this couple buy on the street where she grew up
A letter to the sellers helped Hannah and Jamie buy a four-bedroom Tawa home on the street where Hannah grew up.
Tawa’s village vibe keeps Wellington families coming back
Great schools, a strong community and more house for your money: why Wellington families put down roots in Tawa.
Search
Other articles you might like
