[Presto]

Beware of cheap strata fees. New buildings always have their initial strata fee set to a low amount. Some, even guarantee not raising strata fees for 3 years. Of course, at some point the strata notices that it isn't enough to cover maintenance of the building, and then the fees get jacked up. Worse still, there's no contingency fund or very little contribution to it, and when unexpected bills to the property happen, it'll mean everyone gets to chip in for a special levy.