Visualising The True Cost of Strata Levies

Discover how a simple chart reveals the breakdown of administrative and capital works levies in a 14-lot residential scheme in Sydney, debunking the myth that strata fees are excessively profitable.

By
Michael Teys
on
August 29, 2024
Category:
Finance

This Weeks Win – a picture that tells 6.1% of the story

To answer the old chestnut – ‘Strata makes too much out of us and should do more we devised a pie chart to breakdown how administrative and capital works levies are really spent. This is a simple 14 lot residential scheme in Sydney. Of course, it doesn’t include insurance commissions and related party transaction income but still, a picture worth a thousand words.

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Michael Teys

Michael Teys is the Founder and Chairman of The Strata Professionals Australia. He brings together more than 30 years of specialist strata law practice, a decade of strata business ownership, and an active programme of academic research into multi-owned property governance.