Maintenance fees are calculated based on the share values. For example, if the per share cost in a strata title development is $50 and you own five shares, your monthly maintenance fee is $250.
Here are the share value allocations
Groupings Share Value
1 - 50 sq m 5
51 - 100 sq m 6
101 - 150 sq m 7
151 - 200 sq m 8
After subsequent 50 sq m share value is 1.
Palisades starts from 2,600 sq ft which is equal to 241.55 sq m which has a share value of 9.
For Palisades, the maintenance fee averages from around $450 onwards.
Hope this answers your question.
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