You Have Missed The Boat There Is An Embargo – Insurance update

The bushfires have steadied, the fires that were out of control are now under control, if not now largely all extinguished. It is now time for the long road to recovery. Many endless hours of insurance assessing, demolition of existing destroyed properties, delays due to contaminated waste (older house with asbestos), thousands of kilometres of…

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Building approvals point to a potential future housing shortage

Building Approval

It doesn’t seem that long ago we were talking about an oversupply of apartments across Sydney, South Melbourne, and Brisbane. However, a lot has changed in the past few years. The ABS October figures on building approvals show a seasonally adjusted estimate for total dwelling units falling by 8.1% in October. The graph below from…

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Wrapping up the year with Data, Dance Floors, and Depreciation

2019 in review

Our year started on a high, coming off the back of a massive win for MCG. Landing a position on the Financial Review’s top 100 of fastest-growing businesses, we hit the ground running! Mike Mortlock and Mitch Ford completed their much-anticipated triathlon, with over $2k raised for Heartkids, a charity helping those affected by congenital…

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Bushfires & Floods – The cost of a Natural Disaster to home owners

Natural Disasters

Australian Research In 2000, the Construction Data division of Reed Business Information Systems (Reed) surveyed 1000 randomly selected homeowners. They concluded that: 87% of homes were under-insured by any amount The average level of under-insurance was 34% In 2002, the Insurance Council of Australia conducted a survey of seven companies sharing 80% of the home…

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An Expert Witness Case Study – Owner V Builder, August 2019

Expert Witness

In a recent expert witness case that I was asked to provide my opinion of costs on, the result has now been published. Background The background to both applications is best described as: The Owners’ sought damages from the Builder in respect of: o (Item 1) Defective and/or incomplete works (the Defects Claim); o (Item…

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Deductions & Depreciation for all – Why the kids are doing OK

Depreciation & Deductions

Like any good analytical thinker, I love to hypothesise. Some think it’s a character flaw, whereas I – and those of my quantity surveying ilk – enjoy nothing more than ingesting data, extrapolating the assumptions and producing a conclusion. I was thinking about the recent federal election and the discussions put forward pre-poll day about…

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