Condo, Strata and HOA News

$100,000/Year Condominium Fee

I always wondered what those high-end condominiums cost in maintenance fees. In Australia, an 8600 sqf condo at the Bennelong Apartments (nicknamed the Toaster) – which includes cellar, billiard room, an exclusive elevator and a fantastic view of the Sydney Opera House, is about $100,000/year in condo fees.

It is also for sale, and you’ll have to pony up. 91 year old owner Cyril Maloney is asking $30 million (AUS, which is about on par at the moment) and flat out turned down an offer for $22 million.

It is a pretty building.

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