Saturday 14 March 2015

Good for keeping strata fees down - no pool, no gym, no concierge


It's a fact of life that everyone who owns an apartment must pay strata fees. They cover the maintenance of the property, such as servicing the lifts and looking after the gardens.

It's common for a 2 bedroom apartment in the city to have strata fees of $2,500 a quarter, or $10,000 a year. The costs are high because many have pools and gyms, which are expensive to maintain, and 24 hour concierge, also costly.

I think it's good that Harbour Mill does not have any of these. Thank goodness the developer, Ceerose, did not think they were needed to sell the apartments. The Ian Thorpe Aquatic Centre is just around the corner, and cost $40 million to build. People can go there if they want a swim or use a gym, much better than any apartment building could afford. And let's hope we don't need a concierge to smile at us each time we enter the building.

As a result, although strata fees should be allowed for in everyone's budget, they should be thousands of dollars a year less than many city buildings.

Here are a couple of photos of the Ian Thorpe Aquatic Centre. Who needs a pool and gym?


2 comments:

  1. Great work on the blog Elana! I ride by the HM all the time, so exciting times ahead :)
    You've mentioned a few times that the HM doesn't have a gym. In the CBRE promo material and other conversations I've had, I thought there was going to be one. On the floor plans, there are a few "? I'm not sure what goes here" spaces, like the centre space on lv5 - which I thought was going to be the gym.
    Anyhow, with 4 lifts to maintain, anything to assist with keeping strata fees downs is alright with me.

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  2. Hi Viliala, we've checked with the developer and there will be no gym. Cheers and thanks for reading the blog and your kind comments.

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