The Strata Levy Series – What Is a Strata Levy and What Does It Cover?
Strata ownership in Western Australia comes with ongoing costs, and one of the most important is the strata levy. But what exactly is a strata levy, and what does it cover? In this article and video, we break down the essentials so you know where your money goes and how it benefits your property.
What Is a Strata Levy in WA?
A strata levy is a contribution paid by all owners in a strata scheme. These levies fund the shared expenses of the building and common property, ensuring the scheme is maintained, insured, and financially sustainable.
What Do Strata Levies Cover?
Typical costs funded by strata levies in WA include:
- Building insurance – protecting the structure and shared areas.
- Maintenance of common property – gardens, lifts, foyers, driveways.
- Utilities for shared spaces – lighting, water, security.
- Reserve or sinking funds – saving for future major works like roof replacements.
Watch the video below for a simple breakdown of how these contributions are calculated and why they matter.
Watch: What Is a Strata Levy? (Video)
Why Strata Levies Matter
Strata levies aren’t just another bill – they are essential to protect your investment and ensure your community functions smoothly. Without adequate levies, buildings can fall behind on maintenance, leaving owners with higher costs later.
Learn More About Strata Levies in WA
Want to go deeper? Explore our detailed guide on strata fees in WA and learn how levies are calculated. Or, if you’re unhappy with how your current manager handles levies, contact Redstone Lane to find out how we can help.