Why Australia is facing a ‘devastating insurance crisis’ this summer

A national property firm has warned that Australia is facing a “devastating insurance crisis” as this summers triple-dip La Nina threatens to financially ruin underinsured homeowners. MCG Quantity Surveyors, which has offices in Brisbane, Sydney, Melbourne, Newcastle, Adelaide, Perth and Canberra, said that a combination of factors could lead to “one of most financially devastating”…

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1000 Assets Report 2022: How investors are changing

After the trials of 2020/21, I expect ‘adaptable’ and ‘resilient’ to be emblazoned across the plinth of every monument to human endurance erected for years to come. We’ve been served up challenges in all parts of life and, to our credit, have mostly found ways to alter our behaviours and make the best of each…

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How I’d Repair The Government’s Homebuilder Policy

Construction

I’ve been buoyed by the political bipartisanship that’s, so far, seen us deal successfully with the health risks and financial pitfalls from the coronavirus crisis. Up until recently, there’s been a joint effort from both sides of the fence to find workable solutions. I say ‘up until recently’ because one policy just put a handbrake…

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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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