I was wondering if anyone else has noticed a huge jump in insurance costs. Our PPOR building insurance last year was $531. We have just received a renewal notice for $933. That's just the building portion, contents are separate. My OH rang the company trying to find out why such a huge jump (about 75.5%) but couldn't really get any answers. We did a few online quotes with other insurance companies but they were all much of a muchness. Anyone else noticing this.
No doubt when our IP insurances come in we will find the same thing. It feels like expenses are rising all the time (rates etc.) but the rental return is pretty static at the moment.
No doubt when our IP insurances come in we will find the same thing. It feels like expenses are rising all the time (rates etc.) but the rental return is pretty static at the moment.