Some of the key reasons for these increases are as follows:

• More Natural Disasters (Floods, Droughts etc)
• Ageing & Deteriorating Buildings
• Rising Building & Repair Costs
• Defects & Remediation Issues
• Fewer Insurers in the Strata Building Market

These increases in Building Strata Insurance Costs will potentially flow onto increases in Future Quarterly Strata Levies.

If you have any questions? Please contact Michael, Principal Buyer’s Agent at Real Property Buyers.

Email: [email protected]
Michael – 0402 897 083