NSW: Q&A – Is this Building Under-Insured or has Someone Made a Mistake?

Q:  We got a strata report for a block of 12 units in inner west, Sydney. According to the latest report, the building was valued in 2010 for $2.6M, BUT it is only insured for $1.8M. Also, is it an issue that it hasn’t been valued for 6 years, especially considering the latest Sydney property boom?  We really loved the place, but this has made us question whether it’s worth buying into. Any help would be MUCH appreciated!    Read the Q&A………..


Related Articles

Does Your Strata Property Enjoy Adequate Coverage?

As concerns mount within the strata sector over the quality of the huge slew of new apartment buildings coming online,

Update: strata title reform

The Western Australian Government has defined the scope and timeframe for delivering reforms to the Strata Titles Act 1985 (WA)

Sydney (Australia) storms: Beachfront homeowners deprived of adequate insurance cover

Coastal Residents Association secretary Pat Aiken lashed out at councils and the state government for preventing protective works such as