I'm a first-time apartment buyer. What's different about strata?
You're buying both your private lot and a share of common property and the obligations that come with it. You'll pay quarterly levies, have to follow the by-laws, can be called into meetings and special levies, and your share of decisions is decided by majority vote.
On the plus side, the building structure, common areas and insurance are taken care of for you — no roof, façade or driveway to maintain alone. Treat strata levies like a non-negotiable monthly cost (similar to council rates) and read the by-laws before you sign.
By Reviewed by Last reviewed 2026-05-04
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From category: buying-in-strata