In this particular episode, I want to talk about the reasons why there are high strata community levies. Not a very pleasant topic, but it's important to understand why strata community levies are high or why would they increase significantly. Strata community levies are raised for three key reasons actually. One is for daily operations. The second is for maintenance or capital expenditure. And the third one is for wants of needs or specialties.

Let's start first with the first one, which is the daily operational items. This includes a big chunk would be your insurance premium, which would cover your building insurance and your public liability insurance. It would also include your strata manager's fees, the daily repair and maintenance expenses. If you have certain contractors that you hire, such as the caretaker or building manager, or  ...