StraPlex | Australia | Tool
Fee Split and Reserve Calculator: Australia
Split a small building's yearly budget by each owner's share, check the reserve against the legal minimum where Australia sets one, and total a simple reserve plan.
Split the yearly budget
| Lot | Unit entitlement or lot liability | Share | Per year | Per month |
|---|---|---|---|---|
| Lot 1 | 25.00% | A$3,750 | A$313 | |
| Lot 2 | 25.00% | A$3,750 | A$313 | |
| Lot 3 | 25.00% | A$3,750 | A$313 | |
| Lot 4 | 25.00% | A$3,750 | A$313 |
NSW splits levies by unit entitlement, Queensland by contribution schedule lot entitlement, and Victoria by lot liability. Insurance can be split differently in Queensland and Victoria. NSW needs a 10-year capital works fund plan and Queensland a sinking fund budget for at least 9 years ahead. Enter each owner's figure from the title documents; equal numbers give equal shares.
A simple capital works or sinking fund plan
List each shared item you will have to replace, today's cost and the years it has left. The yearly figure is the cost divided by the years, with no allowance for price rises or interest.
Columns: item, cost today (AUD), years left.
The plan needs A$4,542 a year. Your budget puts A$3,000 a year into the capital works or sinking fund.
StraPlex waitlist
Let StraPlex run your strata scheme
StraPlex is an app that does the work of running a small strata scheme. Its AI writes the notices, minutes and budgets, and the app tracks every deadline in your state's strata law, splits the fees and answers owners' questions. You approve, and it sends. Join the waitlist and get it first.