So where does your strata fees go?
We often get asked at AAA just where do the Strata fees or levies go. As you will know, funds collected from the apartment owners, are then placed in a sinking fund to pay for maintenance and administration costs. Our good friends at Smarter Communities have done some analysis and provided the table below, which provides specific details for both large and small strata companies.
Hope this provides some comfort that your money is being used in the best interests of your building.