With the apartment market on the Gold Coast and in Brisbane literally soaring to new heights at the moment, it’s important that if you own an investment property that it is adequately insured.
Owning an Investment Property – Body Corporate Insurance:
Owning an investment property can be a great strategy for earning some extra income, but there are also costs involved, with one of the major costs being that of insurance. Things are slightly different where your investment property is an apartment or townhouse and there is a body corporate in place. As part of your body corporate levies you are paying for the body corporate to have insurance over the property.
Body Corporate Not Required - Buying a Duplex in Queensland:
It’s well known that buying into an apartment or unit complex brings with it an extra level of complexity stemming from the strict and confusing Body Corporate legislation that applies. With freestanding housing becoming more rare and more expensive as housing density increases, multi-dwelling residences are becoming the norm.