Strata fees, also known as owners corporation fees, are regular contributions paid by owners in a multi-dwelling property – such as apartments, townhouses, or villas – to cover the costs of maintaining the common areas and building insurance. As of December 2025, these fees are a crucial consideration for both current owners and prospective buyers in Melbourne.
In Melbourne, particularly within the Eastern Suburbs where Fletchers has a strong presence, strata fees can vary significantly. Currently, they range from approximately $300 to over $1,000 per quarter, depending on the size of the complex, the amenities offered (such as pools, gyms, or gardens), and the building’s age and condition. These fees cover items like building maintenance, landscaping, cleaning of common areas, insurance premiums, and often, sinking funds for future major works. When selling, it’s important to have a clear understanding of the current levies and any planned special assessments, as buyers will scrutinise this information. In 2026, we anticipate buyers will continue to favour well-maintained buildings with transparent financial records. A well-managed owners corporation can positively influence a property’s saleability. Fletchers agents routinely assist sellers in compiling this information for prospective purchasers.
Understanding strata fees is essential when selling a Melbourne apartment, as they directly impact the property’s value and appeal to potential buyers.