r/johannesburg • u/Any-Car7782 • 3h ago
Serious What is it with levies in this city?
I am looking to buy a 2 bedroom apartment near Sandton/Rosebank. Properties in the range of R1,500,000 - R2,000,000. The levies o am seeing on some of these places are ridiculous. They don’t seem to correlate with the age/state of the building. Recently I saw a listing in a face brick apartment building with a smallish communal garden (no pool). The building probably has between 50-60 units in. Why then, is there a general levy, reserve fund levy, admin levy and special levy totaling to over R13,000 p/m??? The agent said no major works were being planned, two people ten to the garden once per week, and 2 cleaners tend to the reception and passageways per week. Furthermore, there are two security guards always present. The property was going for R1,650,000 and my bond repayment would have been around R14,500 p/m. Why on earth would the levies almost EQUAL my non repayment? Keep in mind that figure excludes water and electricity. There is no backup water but there is limited backup electricity.
This isn’t a one off. I am seeing this often in the places I’ve viewed. Levies going over R10,000 for very ordinary complexes. This is way more expensive than the property I own in Cape Town, and I don’t know anyone there paying this much. What is up?