When you're buying your first home, if it's in an apartment or unit or townhouse complex, it's going to have what's called a body corporate (in Victoria we call it an owners Corporation)
In today's episode, we explore everything you need to know about body corporates, because there’s a lot of misconceptions out there. We discuss WHO the body corporate actually is, what they do, what your fees go towards (and what are considered ‘reasonable’ fees), special levies, body corporate rules you might need to be aware of, how decisions get made, and a BUNCH of other answers to questions which you never knew you had!
Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental