North Queensland Insurance Costs

North Queensland markets are rising but investors should know about the high cost of insurance, if they can get cover. Following cyclone and floods in recent years, many North Qld areas are seen as “disaster zones” by insurers. Premiums have reportedly risen 110% in five years. There are claims some insurers are deliberately gouging Far North customers. One analyst calls it “the next big affordability crisis”. Some insurers will reduce premiums if you lift the excess from $1000 to $5000. Meanwhile, the Federal Govt says it’s investigating and will name and shame insurers who are gouging.
From hotspotting.com.au

 

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Information on buying property interstate

As many property investors know, the city you currently call home isn’t always the best place to invest.

You’ve done your research – picked out the potential growth areas, drawn up your budget and growth expectations, and are now preparing to invest interstate. But there are many steps to the buying process, and they can differ from state to state. Here are some key differences in purchasing properties interstate.

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RP Data-Rismark February Hedonic Home Value Index Results

The RP Data-Rismark February Home Value Index results released today revealed that dwelling values across the combined capital cities recorded no change over the month, with Sydney, Hobart and Darwin the only capital cities to record a lift in dwelling values.

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