Share the cost
What it really costs.
Two parts. Your share, one inclusive price, paid when you buy. Then the Property Operating Levy, paid monthly, for the running of the home. Every figure for a specific home is set out in writing before you commit, and your own solicitor reviews it.
Paid once
Your share of the home.
Your share purchase price is one inclusive figure, in proportion to the share you hold. It includes:
- The applicable acquisition costs
- Stamp duty and taxes
- Acquisition legal costs
- Setup, staging and furnishing
Your own independent professional advice is separate. The inclusive price describes what you pay to buy; it does not cover ongoing ownership costs or charges that can apply to a stay.
No payment is required to enquire or register your interest. If you decide to proceed, a deposit of 5% of your total share purchase price may be payable when you enter the sale contract. The deposit is credited towards your purchase price. Refund conditions and the remaining payment terms are set out in the sale contract.
The written cost breakdown sets out the purchase costs, Copay fees, Property Operating Levy and any separate charges before you decide to proceed. Figures vary by home and by share size. They are confirmed in writing before you commit.
Paid monthly
Then one monthly levy.
Your monthly Property Operating Levy includes the Copay Service Fee and your share of the home's operating, management and maintenance costs. The Copay Service Fee is a component of the levy, not a second charge added to it. The applicable charges and how they are shared are set out in the home's cost schedule and co-ownership agreement. You never chase a tradesperson or collect money from another owner.
Costs continue between stays. Your share carries its levy whether or not you are at the home that month.
The inclusions for each home are listed in its written cost breakdown. How the levy can change over time, how reserves are handled and how major or unexpected expenditure is met are set out in the documents for each home.
Charges that can apply separately.
- Professional cleaning fees may apply after your stay
- Damage for which you are responsible may result in additional charges, including an applicable insurance excess and costs not covered by insurance, as determined under the co-ownership agreement and the relevant insurance terms
- Your own professional advice
- Your travel and what you bring to the home
The written cost breakdown sets out the purchase costs, Copay fees, Property Operating Levy and any separate charges before you decide to proceed.
In writing
How the figures reach you.
Register
Tell us your region, home type and share size. No payment is required to enquire or register your interest.
Cost breakdown
Receive the home’s figures in writing: the inclusive purchase price, any deposit at contract, the levy and the charges that can apply separately.
Advice
Your own solicitor reviews the co-ownership agreement. We expect this, not merely allow it.
Decide
Buy your units individually. If you proceed, a deposit may apply when you enter the sale contract. Copay assembles the co-owners.
What we don't promise.
A rise in value.
Property values can fall as well as rise.
Costs that pause between stays.
Your share carries its levy whether or not you are at the home that month.
A buyer when you want one.
There is no promise of a buyer, sale date or resale price.
Fixed costs.
How the levy can change, reserves and major expenditure are set out in the documents for each home.
Financial, tax or legal advice.
Get independent advice before you buy.