I see the phrase "Body corp is a rip off" bandied around a lot. However, rather than a debate about which is theoretically better, I am interested to discover more regarding the actual experiences of investors/owners who have held a strata property or a free-standing house (preferably both!). Specifically interested in how low body corporate costs (e.g. $500 per quarter) of a unit/townhouse compares to the cost of owning and maintaining a house, in the medium term, e.g. a 5-10 year period. I have not been in either situation, so I am also interested in fair comparisons*: where for example, for a unit with a $2000 a year body corp fee, this might have been equaled by a $2000 building insurance on a house. * Fair comparisons being, where both the unit/townhouse and house appear to be in good order but repairs & maintenance are unanticipated. As opposed to an unfair comparison, where someone bought a unit/townhouse in poor condition with little sinking fund, or a near condemned house.