Selling an Apartment With High Body Corporate Fees or Levies in Victoria?
High owners corporation fees or special levies are a challenge—but with the right approach, you can still achieve a sale. The secret is transparency and reframing the value for yield-focused buyers.
How to Reposition a High-Cost Apartment Sale:
- Full Disclosure: Be upfront about fees and special levies. Investors will uncover them anyway. Transparency prevents wasted time and builds trust.
- Highlight Net Yield: For serious investors, the net return (after body corporate) is key. Show how yield compares to similar properties—even if headline costs are higher, the right rent can keep ROI attractive.
- Target the Right Buyer: Focus on investors who are comfortable with higher running costs in exchange for better location, newer facilities, or higher rent. For example, student apartments in Carlton often come with higher levies—yet Genneva has matched these to cash buyer investors who value net returns over just low outgoings.
Case Study: Three Carlton studio sales were achieved even with high fees because honest net yield conversations connected with the right investor profile. The result? Difficult properties sold when others remained on the market.
Want a strategy for your high-fee apartment or villa unit? Contact Collings Real Estate to talk solutions.
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