Body corporate

A body corporate is the collective entity of all unit owners in a unit-title development (most apartments and some townhouses), which manages shared property and charges annual levies.

Levies fund insurance, maintenance, and long-term repairs of common property. For investors, body corporate fees materially reduce net yield, and the body corporate's financial health matters as much as the unit itself — review the minutes, the long-term maintenance plan, and the fund balance before buying. Special levies for remediation can run to six figures per unit.

This page is general information, not financial, legal, or tax advice. Rules change — always confirm current settings with the linked official sources and seek independent professional advice.