Fees Payable to CoVESTA

Application price

Application price of $0.50 plus GST, payable by premium SMS or credit/debit card at the time of acquiring an Interest in CoVESTA, or later when acquiring a Block (provided a Block is acquired within 7 days of applying for an Interest).

Block purchase fee

For property values under $5 million, this is calculated as 2.5% plus GST of the property purchase price (excluding all fees and taxes), divided by 100 (ie, the number of Blocks on issue). This amount is included as a cost associated with the total Block price payable upon purchase of a Block. This fee is applied towards the costs of property acquisitions, including conveyancing and trust establishment. This fee may vary (with notice) for property values in excess of $5 million.

Syndicate management fee

For property values under $5 million, this is a fixed fee of $79.95 plus GST per Block per annum. This amount is payable quarterly in four equal instalments, deducted from the gross income of the relevant Syndicate prior to payment of any distributions. This fee is applied towards the costs of managing the relevant property. This fee may vary (with notice) for property values in excess of $5 million.


For Funds First Syndicates only

A Buyers Agent fee of 1% plus GST of the property purchase price (excluding all fees and taxes) is payable by Members when purchasing Blocks in a Funds First Syndicate. This amount is included as a cost associated with the total Block price payable upon purchase of a Block.

This fee is for the Buyers Agent to find and acquire a property, based on the criteria (investment mandate) established by the Syndicate.

For Mandated Funds First Syndicates only

A Buyers Agent fee of 2% plus GST of the property purchase price (excluding all fees and taxes) is payable by Members when purchasing Blocks in a Mandated Funds First Syndicate. This amount is included as a cost associated with the total Block price payable upon purchase of a Block.

This fee is for the Buyers Agent to provide their expertise in determining the criteria for the property purchase (investment mandate) for the Syndicate.


Property disposal fee

A fee of 2% plus GST of the property sale price is payable from the proceeds of the sale of an underlying property. This amount is payable out of the gross income of the Syndicate ahead of payment of any proceeds to CoVESTORs.

This fee is applied to cover marketing and other expenses associated with the sale process.

Additional Information

Expenses typically associated with property investment and ownership are payable out of gross rental income, ahead of paying distributions to Block holders. These can include:

  • property management fee (market driven price, charged as a percentage of rental income);
  • property insurance;
  • rates, strata, services; and
  • any repairs and maintenance costs.

Where necessary, such expenses will be paid out of the Property Management Reserve, which will be replenished over time from the gross rental income received from the property ahead of payment of any distributions.

To the extent Syndicate expenses (including property expenses) exceed gross rental income, a property is not tenanted or the tenant fails to pay rent, or the Property Management Reserve has been depleted, your distributions may be affected or you may not receive any distributions.

Where a member defaults on their commitment to pay the final balance due on their Blocks, or any additional amount requested by the manager (up to 10% of the original Block price), the 1% deposit paid will be retained by the manager as a default fee.