Announcements

DO YOU KNOW HOW YOUR STRATA LEVIES ARE SPENT?

If you live in a ten year-old average sized residential strata building containing 15 to 20 units with no lifts or swimming pool, the major service costs of running the property as a percentage of the annual Administrative Fund budget work out as follows:-

Building Insurances................................16%
Cleaning................................................23%
Fire Protection.........................................5%
General Repairs & Maintenance................14%
Grounds Maintenance...............................3%
Strata Management.................................14%
Utilities - Electricity/Gas/Water..................25%

There are obviously variations to these figures, for example larger area grounds create higher maintenance costs as do underground car-parks with exhaust fans running continuously.