property taxes and rates etc, South Brisbane and South Bank

rates rise to stay

Northbridge Apartments

Northbridge Apartments

The massive BCC rates rises are here to stay, following a ruling by the Supreme Court that Council’s decision to increase rates was within its power. Many South Brisbane apartment owners believe council is not taking into consideration the fact there are often 180 or more residents per building and unit owners also pay excessive body corporate fees. It’s a fair comment. With the average large building lots equivalent to 2 or 3 suburban home sites (or 2 or 3 rate payers!), why does council expect apartment owners to subsidize utilities used mainly by suburban home owners?

Here are some examples (courtesy of today’s City South News): Castlebar Cove, Kangaroo Point up $361.60/quarter;  Dockside Hotel Kangaroo Point up $365.33/quarter; River Plaza, South Brisbane up $166.24/quarter