I'd put the "massive earthquake destroys my IP's" scenario in the same basket as the "property will crash 50% next year" basket.
Yes either scenario can happen. In fact, earthquake is much more likely, but still the likelihood of it actually eventuating is too slim to factor into your plans (with the obvious exception of the standard insurance on your property). You should be more worried - and therefore taking necessary steps - about your tenants burning down your property next week. MUCH more likely scenario, but doesn't mean you won't buy any property in case they leave the stove on do you?
Also remember, earthquakes cause much more devastation and damage in countries like Haiti as many of the structures aren't built as soundly.
It's common knowledge amongst the industry that Adelaide is due to have a very large earthquake at some point in the future (and no, not just the hysteria I'm hearing over the last couple days). I spoke many times a few years back with one of the senior project supervisors for one of SA biggest commercial builders. The majority of his work (at that time anyway) was making big commercial buildings around the city earthquake resistant. Just a matter of time, though who knows if it will be 20 minutes or 20yrs. So I don't base my investment plans around this, other than as I mentioned above to have adequate insurance in place.
Yes either scenario can happen. In fact, earthquake is much more likely, but still the likelihood of it actually eventuating is too slim to factor into your plans (with the obvious exception of the standard insurance on your property). You should be more worried - and therefore taking necessary steps - about your tenants burning down your property next week. MUCH more likely scenario, but doesn't mean you won't buy any property in case they leave the stove on do you?
Also remember, earthquakes cause much more devastation and damage in countries like Haiti as many of the structures aren't built as soundly.
It's common knowledge amongst the industry that Adelaide is due to have a very large earthquake at some point in the future (and no, not just the hysteria I'm hearing over the last couple days). I spoke many times a few years back with one of the senior project supervisors for one of SA biggest commercial builders. The majority of his work (at that time anyway) was making big commercial buildings around the city earthquake resistant. Just a matter of time, though who knows if it will be 20 minutes or 20yrs. So I don't base my investment plans around this, other than as I mentioned above to have adequate insurance in place.
