In Australia you're obliged to provide the accounts to prospective buyers and current owners in "condo" (we call them Strata Title) units. Very easy to see wher

In Australia you're obliged to provide the accounts to prospective buyers and current owners in "condo" (we call them Strata Title) units. Very easy to see where the money is going and how it's been managed. As a fun little bit of anecdata, newer buildings are always the worst with many leftover, teething issues and strata title can sometimes be heavily in debt. Old buildings can have huge amounts in the sinking fund and may elect to reduce yearly fees and rely on interest.