FTA-TV First Dates - Part 5 - Back to the Repeats

[Kram]

Residents at the West Footscray block dread receiving their quarterly strata fees, which has spiralled to be about $10,000 a year, more than people’s mortgages in some cases, and is expected to take 15 years to pay off due to the many defects.

A strata levy dated 2015 for a two-bed, two-bath apartment required $1134 to be paid per quarter. But by 2018 in the same period, this had climbed to $1729. The most recent levy, sent out on August 1, amounts to $2926.50, to pay down the substantial debt residents have taken on to fix the defects that have been identified by independent building reports.

News.com.au has spoken to 11 apartment owners who are facing financial ruin as a result of the sudden increase in strata levy. Some have had to move back in with their parents and still aren’t breaking even. Others are more than $10,000 behind in payments. One person says they are suicidal.


My god. Pretty much your worst nightmare re. body corp.

I put a line straight through anything with strata fees.

 

[Shell]

Looking at that article it seriously looks like the only way out for those people

Yeah its terrible. Wth are they meant to do.

 

[Kram]

****, so as a first home owner, I paid 306k for my apartment. I saved 30k in Stamp Duty?

I forgot about the stamp duty for ages when budgeting, fair slug..

Your place would be worth a lot more now.

 

[Shell]

No it would not be worth much more its a 1 bedroom

 

[Shell]

To think I was "this" close to getting a 2 bdr with a pool and tennis court

Twice.

 

[Shell]

But the negatives of that would be less desirable suburb + bigger mortgage.

I would have a roommate right now. And that was when mortgage rates were tiny.

 

[Shell]

Yeah I just quickly looked up a comparable apartment to mine on domain.com.

Its exactly the same price I paid 5 years ago.

 

[Shell]

A new build- 1 bedroom apartment tho, 1 car space. Double the price. $600k

 

[Shell]

It is pretty ****ing amazing tho going by the pics. Still- is it worth 300k for better quality of product?

 

[74561347]

It is pretty ****ing amazing tho going by the pics. Still- is it worth 300k for better quality of product?

I've got space on my submarine

 

[Shell]

I've got space on my submarine

does it open out into a nice patio?

 

[Shell]

I withdraw my "**** yo mama' to the water company. The extra $85 charge is a one off usual yearly fee. The actual bill then remains about the same.

 

[74561347]

does it open out into a nice patio?

I can park it wherever I want, the world is my patio

 

[74561347]

Happy national hug your boss day!

I wonder what happened to national sleep with your boss day

 

[Shell]

Yeah pass.

 

[Shell]

I've never had a hot boss in my entire life I don't think (not including supervisors) Just counting Executive managers, managers + principals

 

[Shell]

You missed the most important day of all 74. Chocolate day.

 

[Shell]

And peanut day.

Aka Anaphalaxis' worst nightmare day

 

[Shell]

Last one Positive Thinking day.

Which can gagf'd from my pov.

 

[Shell]

Electric bill = $250.

Not too bad from 200 > 250 considering COL going up. Will still call them over the holidays see if I can go on a better plan.

 

[Shell]

Got a spare

 

[HomerThompson]

Got a spare [emoji1739]

Well done [emoji465]

 

[Shell]

Ive havent been bowling in aaaaaages

 

[Shell]

Maybe 4 years or so.

 

[Shell]

Bowling is a tad overrated tho I suppose. Its not THAT fun.

I need something to do over the holidays, a bit different to gym/movies/footy and shit. 74561347 ur suggestions pls would be welcome