Sovereign island community annual costs
Does anyone know what costs are involved on Sivereign island other than $2400pa for parks & security? Are there added council fees for bridge or sea wallls? Would like to live there but have notice 50% are for sale seems strange!
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Yes, council fees are variable and based on valuation.
Sea walls is an owner cost if there is an issue. Only 3 or 4 sea walls have been an issue.
Sovereign Island has a transient population. We lived there for 20 years and really enjoyed it, but many owners are from overseas and they tend to move on. There is a large Chinese population on Sovereign and the ones who live there are good citizens. A lot of speculators are tending to create the turnover data.
Brian Phillis 0411600100 Alex Phillis Luxury Real Estate
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