Quote:
Originally Posted by Goldwingnut
Effective 1 October 2018 the prevailing rate for all new home and resales was increased to $159 for homes sold after this date. There is no CPI adjustment being applied to the $159 because it is at or above the current deferral rate of $155.
On 1 October 2019 the "deferral rate" will end and subsequently on the anniversary of you home sale the amenity rate will be adjusted by the amount of the CPI that month for the previous 12 months. This is in accordance with the deed restrictions contract we all agreed to when we purchased.
So yes, because you purchased in March, be it new or a resale, the correct amenity rate is $159. In March of next year you will see an increase based on the CPI, which for the last few years has run 1.5-2% annually. Everyone else who purchased after 1 October 2018 are also paying the $159 rate.
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Thanks, I have no issue with the $159 and knew going in that the fee would be $159. Just found it odd that no one was talking about anything over $155.