Body corporate fees, also known as owners corporation fees, are regular contributions made by property owners in multi-dwelling developments – such as apartments, townhouses, and villa units – to cover the costs of maintaining and managing the common property. As of December 2025, these fees are a crucial consideration for sellers in Melbourne, particularly in the Eastern Suburbs where strata-titled properties are common.
In Victoria, owners corporations are governed by the Owners Corporations Act 2006. Fees fund items like building insurance, repairs to common areas (roofs, gardens, hallways), maintenance of shared facilities (lifts, pools, gyms), and administration costs. Currently in Melbourne, fees vary significantly based on the size and complexity of the development. A smaller complex of townhouses in Blackburn might have annual fees around $1,500 – $3,000 per property, while a larger apartment building in Box Hill with extensive amenities could see fees exceeding $5,000 – $10,000 annually. Sellers should obtain a current owners corporation certificate outlining the fees and any planned major works, as potential buyers will request this during due diligence. In 2026, buyers are increasingly scrutinising these certificates, particularly regarding special levies for upcoming renovations. Fletchers’ experience shows that well-maintained complexes with reasonable fees generally attract stronger buyer interest.
Understanding body corporate fees is essential for a smooth property sale, as they directly impact a property’s value and appeal.