It's a great location, wouldn't mind living in that street myself
Heh, heh, you & Mark can begin the bidding war as soon as the place dries out
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It's a great location, wouldn't mind living in that street myself
.... but you gotta clean the mud out of the wall cavities first .
The Bremmer River (Ipswich) is expected to peak today at 21 metres (or thereabouts) and Brisbane River is the lower figure with peak early tomorrow.
This advise comes too late for many people impacted by floods this time, but maybe it helps people in the future
About flood insurance. According to their marketing brochure Coles offers home and contents insurance which covers floods. Actual insurance underwriter is Wesfarmers insurance but the insurance is 'marketed' under Coles name.
I am not their customer at least not yet. I have fully paid my current insurance for a year and it has still 1/2 year to go. But when it's expires I'll be looking into them more closely.
This advise comes too late for many people impacted by floods this time, but maybe it helps people in the future
About flood insurance. According to their marketing brochure Coles offers home and contents insurance which covers floods. Actual insurance underwriter is Wesfarmers insurance but the insurance is 'marketed' under Coles name.
I am not their customer at least not yet. I have fully paid my current insurance for a year and it has still 1/2 year to go. But when it's expires I'll be looking into them more closely.
Hi Tillie,
I'm fairly sure that if you cancel a policy early, the provider sends you out a pro-rata refund for the unused portion of the policy. If that's the case, you could switch now
Any links to this. i might want to get this for my place in melbourne. not in flood area but i'm still equally concerned.
Thanks, Tillie. By my count, there are 3 insurers in QLD who cover flood:Here is the link for Coles insurance web-site:
http://www.coles.com.au/Coles-Insurance.aspx
On the web-site they mention that the both home and contents and building insurance covers floods, storm damage, fire etc.
Landlords across Queensland are likely to go bankrupt in the next few months, an industry expert has warned.
Bruce McBryde from the Property Owners Association said many landlords would struggle to make ends meet after having their properties ruined by the floods and no rent coming in from tenants.
“Landlords have already been finding it hard with the rising cost of interest rates and many have relied on the income from the rent to get by,” he said.
“Without the rent from their tenants, plus the huge cost of making repairs to their properties … they’ll go broke.”
Paul and Sarah Smith had been renting Sarah’s mother’s rental property at Goodna when the floods hit.
Their home was inundated to the second story and the damage is enormous.
Ms Smith said her mother owned five other properties in Goodna which she rented out – all of them had gone under in the flood last week.
“My mum has six rental houses and they’re all ruined,” Ms Smith said.
“You might say ‘oh she’s got six rental properties, she must be rich’, but she’s not – she has mortgages on all of them and relies on the rent to help pay.
“How will she pay for them now?
“She’s devastated. She doesn’t have insurance for this. She hasn’t come back here yet.”
Mr McBryde said there was likely to be a severe rental shortage for a while in Queensland.
“It will be a struggle for many of these affected landlords to afford the necessary repairs on their homes,” he said.
“In the meantime, people are going to have to have somewhere to live and rentals will become scarce without a doubt.
“University is starting in a couple of weeks and many of the student rentals around Toowong and St Lucia have suffered damage.”