Insurance Replacement Cost Valuation Report on strata titled complexes in Ballina
In providing Insurance Replacement Cost Valuation reports, we are conscious of obtaining a balance of sufficient insurance to protect the owners, while ensuring the property is not over insured which results in excessive premium costs. Drawing on my 20 years of practical construction experience, we are confident that we can meet this balance. In addition to reflecting on past personal and published construction data, we also liaise with Matt’s construction contacts who are involved in similar construction projects to obtain the current costs.
Furthermore, a common area where the reinstatement costs “blow out” is during the application of building cost escalation percentages during the insurance period (12 months) and the period between “the claimable incident”, approval of the claim and commencement of works. We keep in mind that as a result of the current soft economic conditions (low inflation) and the competitive construction conditions, this percentage is likely to be softer than what may have been applied at the time of your last assessment
Ballina – General Information about the town
Ballina is located on the mouth of the Richmond River on the Far North Coast, NSW. Surrounded by ocean, estuaries and canals it is the most accessible ISLAND on the Far North Coast NSW. Which makes it a very popular tourist destination hosting wonderful surfing/swimming beaches, boating and natural amenities.
The population of Ballina is 39,274 as per 2011 Australia Census Data. As the population continues to grow, Ballina is becoming the growth hub for the region with many schools, shopping facilities, hospital, aged care facilities and natural amenities. Located on the Pacific Highway and hosting the modern Ballina Airport it is the gateway to the spectacular Northern Rivers and beyond (Byron Bay, Lennox Head, Lismore, the Clarence Valley, Nimbin and Alstonville).