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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

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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