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My brother's ex bought a 2 bedroom unit in Coorparoo a few years ago, I nearly dropped dead when she told me how much she had to pay. It was a lot more than my stand-alone house in the western suburbs.
My brother's ex bought a 2 bedroom unit in Coorparoo a few years ago, I nearly dropped dead when she told me how much she had to pay. It was a lot more than my stand-alone house in the western suburbs.Supposedly just proportion of land value..but with special higher rate
I am sure it is for the common good, the very same council preventing: multiple dwellings on acreages, height restrictions, removing parking spaces etcIt is good to see at least one section of Govt, is making moves to curb the ponzi.
From today's W.A today newspaper.
‘Greedy’: Perth council hikes rates on vacant blocks to deter land banking
A Perth council is hiking rates by 30 per cent on vacant blocks and will use the extra money to boost urban infill.
Are you sure she was talking about just the rates? And not including body corp fees?My brother's ex bought a 2 bedroom unit in Coorparoo a few years ago, I nearly dropped dead when she told me how much she had to pay. It was a lot more than my stand-alone house in the western suburbs.
Yep, I was also talking about it to another friend the other day, they're paying the same amount of council rates in a 2-bedroom unit as they were in an 800sq block. The land value was a little lower but the sewerage and water were almost double the cost in units for some reason.Are you sure she was talking about just the rates? And not including body corp fees?
because body corp pays for a lot of costs that a stand alone home owner has to pay out of pocket themselves.
My brother's ex bought a 2 bedroom unit in Coorparoo a few years ago, I nearly dropped dead when she told me how much she had to pay. It was a lot more than my stand-alone house in the western suburbs.
This mate is paying almost $3000/yr in strata fees, the complex has a pool and gym.I was helping my sister look for an apartment, the added cost of strata fees was crazy. Yeah, the money gets pooled and is insurance for any large repairs, maintenance only covers common areas, and if they have a rooftop garden or entertainment area watch out.
My sister ended up buying a small 2-bedroom house with a small parcel of land, front & back yard big enough for her and the little Chihuahua land for less than an apartment. Apartment is eye candy to a lot of buyers, which causes potential buyers to pump up the price.
This mate is paying almost $3000/yr in strata fees, the complex has a pool and gym.
With my brother's Ex, they had to fork out another 10K for repairs on top of the strata fees due to builder faults.
Terrifying... Probably the most complete description of the common extremely expensive issues facing unit buyers.There are pros and cons with living in an apartment, potential buyers should be well informed before signing on the dotted line.
Apartment near the coast had a storm water drainage issue. The top floor apartments (3) are the penthouses and have a personal roof top garden and entertaining area, the builder did not put a large enough storm water system, but it did meet the regulations at the time, the fall for drainage was too shallow and the water proofing was damaged. After a few years, when it rained heavily, the water would get into the walls and flood the penthouses, and some of the lower apartments. there is also an issue with the cladding being an aluminum composite, which is the type that caused the many deaths in the apartment fire in England a few years ago.
The problems didn't become obvious for many years; the builder has gone. The body corporate had many meetings over several years, trying to get agreement from a majority to allow a fee to each owner be added to get the repairs done.
Each vote failed, until the insurance companies told each owner that they would not cover water damage, and the buildings insurance put an expiry date that would end certain claims.
The vote got through; each owner was sent a bill with the amount dependent on the size of their apartment.
The top floor/roof had all the tiles and whatever else removed, new waterproof membrane and the fall readjusted, new tiles, new storm water pipes at the required size and other drainage requirements which need modifications to the external wall.
Next will be the external aluminium composite cladding, which is still going through the courts and government regulators.
Council rates are based on "land value" which is obviously very low on units, but as well a rate category:Yep, I was also talking about it to another friend the other day, they're paying the same amount of council rates in a 2-bedroom unit as they were in an 800sq block. The land value was a little lower but the sewerage and water were almost double the cost in units for some reason.
were they in the same council area?Yep, I was also talking about it to another friend the other day, they're paying the same amount of council rates in a 2-bedroom unit as they were in an 800sq block. The land value was a little lower but the sewerage and water were almost double the cost in units for some reason.
There are also practical reasons to want a house.I understand the house premium vs unit
I wonder who were the builders "the Dodgy Brothers".There are pros and cons with living in an apartment, potential buyers should be well informed before signing on the dotted line.
Apartment near the coast had a storm water drainage issue. The top floor apartments (3) are the penthouses and have a personal roof top garden and entertaining area, the builder did not put a large enough storm water system, but it did meet the regulations at the time, the fall for drainage was too shallow and the water proofing was damaged. After a few years, when it rained heavily, the water would get into the walls and flood the penthouses, and some of the lower apartments. there is also an issue with the cladding being an aluminum composite, which is the type that caused the many deaths in the apartment fire in England a few years ago.
The problems didn't become obvious for many years; the builder has gone. The body corporate had many meetings over several years, trying to get agreement from a majority to allow a fee to each owner be added to get the repairs done.
Each vote failed, until the insurance companies told each owner that they would not cover water damage, and the buildings insurance put an expiry date that would end certain claims.
The vote got through; each owner was sent a bill with the amount dependent on the size of their apartment.
The top floor/roof had all the tiles and whatever else removed, new waterproof membrane and the fall readjusted, new tiles, new storm water pipes at the required size and other drainage requirements which need modifications to the external wall.
Next will be the external aluminium composite cladding, which is still going through the courts and government regulators.
This is exactly why I want a house. A townhouse may be the compromise for me.There are also practical reasons to want a house.
With a house you don't need to worry about some pesky owners corporation saying you can't hang washing out to dry, can't install air-conditioning or an EV charger or that your visitors aren't allowed to park their car even in your space.
was that flood-prone Cooparoo ( a very long history of that ) or in the higher areas ??My brother's ex bought a 2 bedroom unit in Coorparoo a few years ago, I nearly dropped dead when she told me how much she had to pay. It was a lot more than my stand-alone house in the western suburbs.
Yesterday was listening to the conversation hour on ABC as i was driving back from Bendigo.This is exactly why I want a house. A townhouse may be the compromise for me.
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