One of the most insidious traps for buyers of luxury apartments is the unavoidable, built-in strata costs.
In some complexes, for example, quarterly strata fees can be well over $3,000.
And that adds considerably to residents’ ongoing living costs and creates a large hole in investors’ returns.
Fortunately, not all high-quality apartment complexes are the same.
Norup+Wilson’s, The Crest – Burswood, is a case in point.
The specialist multi-level community developer has managed to create their new 21-storey complex with strata fees as low as $380 per quarter. And this doesn’t mean that the development doesn’t have a reserve fund or that it has been based on a one year budget, only to increase after the first year.
This figure is all the more remarkable when one examines the facilities offered.
The Crest has a resort-style swimming pool and barbecue area, games room, landscaped decks and high quality entrance lobby.
Yet its strata fee is a fraction of many comparable developments.
To obtain more details on The Crest visit http://norupwilson.com/current-projects/the-crest-in-burswood