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Insurance annual uplift – one owner’s victory

Insurance annual uplift – one owner’s victory

The ABS recently published the Index for the quarter ended December 2018.  Contrary to the annual uplifts of 5% being offered by most strata insurers, we are witnessing a sustained flat-lining in construction costs, similar to what we saw in the four years after the 2009 GFC.  The Index is proving useful to our members

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Construction Costs: Your Quarterly Update – September 2018

Construction Costs: Your Quarterly Update – September 2018

Each year, your body corporate must insure the whole building, including the owners’ lots, for the full replacement cost. An independent valuation must be obtained stating the full replacement cost of the building, at least every five years. The question is, how do you determine the ‘full replacement cost’ in the intervening years? It is

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Cranes: How to Manage Your “Overheads”

Cranes: How to Manage Your “Overheads”

Overhead cranes are a dominant feature on many construction sites these days, (including those in suburbs zoned for medium- and high-density residential complexes).  Their presence tells us that things are on the rise,  both literally and in terms of the health of the construction industry.  But they can have a negative impact on the adjoining 

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Strata Insurance: Construction Costs Updates

Strata Insurance: Construction Costs Updates

2.10:  A 5% INCREASE!! TELL’EM THEY’RE DREAMING… Insurance Premium Gouging…the insurers are at it again. October 2018 and we find ourselves marking a decade since the Great Recession hit in the wake of the collapse of the Lehman Brothers’ investment bank. Australia did manage to avoid the harsher impacts of the crisis – but there

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