Protecting Your Investment

The complex is a strata development, managed by the body corporate, its committee members and the on-site manager with the support of Body Corporate service QLD.

The body’s corporate committee consists of 7 lot owners.

Sanctuary of Flinders management and body corporate work in partnership to ensure your property is managed with a focus on protecting and maintaining its value. Ensuring maintenance issues are addressed expeditiously, and your property is being managed according to regulations and by-laws.

The new on-site managers are using the latest technology to offer a full suite of real estate services in sales and property management.

Owning an investment unit in a strata complex has the following expenses:

Administration Fund: used to pay for all the 'day-to-day' and 'regular' (non-capital) operating expenses of a Strata Scheme. This fee also includes the insurance for the building.

Sinking Funds: Pays for both expected (long term) and unexpected replacement and repairs of a 'capital' nature. 

Currently Between $6400 and $8000 per annum. This includes building insurance, Sinking Fund and the Administrations Fee.

Council Rates: Approximately $1600.00 twice a year.

Other costs: Landlord insurance