Each year, the Committee will set a budget, factoring all the ongoing costs such as cleaning, insurance, utilities, building management and owners corporation management. If your property has facilities such as a gym, pool or cinema room, the levies will also cover the operation of these facilities.

Rather than viewing these fees as a burden, remember that they ensure the upkeep and maintenance of your property, which protects the value of your asset or home.

Usually, levies are issued by the Secretary of the OC – a role often performed by the appointed owners corporation manager (that’s us!). This can create a misconception that the entire levy amount goes to the manager, when in fact only a small portion of the total is for management fees.

We encourage you to get an understanding of where your fees are going and pay on time to avoid late fees. You can even set up direct debit so you never miss a due date again.