Are My Fees Worth It?

How to Evaluate Whether Your Body Corporate Fees Are Worth It

Body corporate fees in Australia range from under $2,000 to over $30,000 per year depending on the building's size, age, amenities, and location. Saying fees are "too high" or "good value" without context is meaningless. A $10,000 annual levy in a well-maintained building with a pool, gym, and healthy sinking fund can represent better value than a $4,000 levy in a building with chronic maintenance issues and an underfunded reserve.

The right question isn't whether the dollar amount is high or low — it's whether what you're getting for that money represents fair value relative to your alternatives and the building's actual financial position.

To get the most accurate result, have your most recent levy notice and body corporate financial statements on hand. Your annual levy notice shows the split between the administrative fund and sinking fund contributions.