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Body corporate and insurance for single storey unit (QLD)

Discussion in 'Property Management' started by Kai41314, 25th Jul, 2015.

  1. Kai41314

    Kai41314 Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    112
    Location:
    Melbourne
    Hi,

    I am looking at a single storey unit in QLD. The RE agent told me the body corporate for it is $42 per week. Is it too high? Does body corporate in QLD have a building insurance policy? Do I still need to purchase building insurance?

    Thanks,
    Kai
     
  2. DanW

    DanW Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    400
    Location:
    Sydney
    That's cheap.
     
  3. Lu Bracher

    Lu Bracher Active Member

    Joined:
    19th Jun, 2015
    Posts:
    44
    Location:
    Brisbane
    Qld Body Corp Fees do include building insurance. Depending on how big the building is - you need to access the PDS to confirm. Generally though, you need landlord insurance for units to cover internal inclusions - some insurers include this as part of their landlord policies. Body Corp generally covers all else.