Cost of Ownership

Taxes Property taxes run at approximately .8% per annum - on a $400k property they will be around $3200.

Strata Fees Strata fees are fees which contribute to operating and maintenance costs of the building. Call to find out why the Strata fees for the Raven and the overall operating costs are very low.

Operating Costs Apart from the Strata fees, operating costs for the apartment will include - contents insurance, electric, telephone & cable upgrade. With costs only incurred for 6 months of the year $2000 per annum is estimated with another $1000 for hot tub maintenance. A 65% mortgage on $400k at 5% will run at $1378 per month.