Unit Owners’ Stairway to Insurer’s Heaven

Strata insurance in Queensland is compulsory, and mostly about insuring the full replacement value for the entire building. Many unit owners in Queensland are now painfully aware they paid far too much for strata insurance in the years following the 2008/09 global financial crisis. Post-2009, construction costs virtually stagnated:  in some years, they actually went backwards. (See ABS IndexTo
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