This well-positioned apartment represents a standout opportunity for buyers who understand value and long-term upside.
Why this is a smart buy:
- Purchase price already adjusted to reflect current levies
- Majority of levy contributing to long-term building improvements
- No surprise special levies - funding already structured and in place
- Opportunity to benefit from future capital growth as works progress
- Strong rental potential of approx. $650 per week
- If you are an investor all levies are fully tax deductible
For buyers who can see beyond the short-term perception, this is a strategic entry into the market with built-in upside.
Strata levies are currently approximately $5,709 per quarter,
Broken up to three parts which include per Qtr :
Standard Strata : $1800
Loan repayment for special levy : $1377.20
Water penetration & Fire safety upgrades: $2531.93
Importantly, these costs are tied to funded capital works including water penetration repairs and fire safety upgrades, with a clear plan in place and no uncertainty around future funding.
Fees during the repayment structure is spread over time (currently scheduled through to 2039 which could finish earlier depending the work schedule ideally aiming to be completed before Xmas 2026
The property has been priced to reflect this, creating a rare opportunity to secure an apartment significantly below comparable market value.
