Be aware that once a claim is made the policy may cease at settlement with no refund of premiums and a new policy would need to be purchased to maintain cover. You may loose no claim bonuses and pay a higher premium now that you’ve made a claim. This claim may not be worth it. I’d talk to them about it first to see how this would run it’s course.

While your shed is insured under their “Home” policy collapse is not an insured event.

also under General Exclusions..

Earth movement

We will not cover you for loss, damage or liability caused by or arising
out of erosion, vibration, subsidence, landslip, landslide, mudslide,
collapse, shrinkage or any other earth movement.
But we will cover…[Read more]

…and another one.

Mining boom forecast to end in two years

In the sternest warning yet of troubled times to come, Deloitte Access Economics today said: ”The strong bit of Australia’s two-speed economy won’t stay strong for more than another two years or…[Read more]

If you have public liability cover they may pay out your neighbor if they have any claimable damage.

general insurance guidelines

Buildings must be maintained up to code, be sound etc. They probably declined you because the building has clearly been neglected over the years.

Another article….

China’s waning commodities appetite puts miners’ fortunes at risk

http://uk.reuters.com/article/2012/07/19/uk-china-commodities-gdp-idUKLNE86I01820120719?feedType=RSS&feedName=stocksAndSharesNews

It now looks like China has at least 6 months of raw material stockpiles on hand and that continues to grow. So how do resource companies like BHP, RIO, FMG, Vale et al make a case for continued expansion when demand is collapsing at an ever increasing rate?

“Inventories at the ports also seem adequate for now, and steel mills probably have all…[Read more]

WomeninPropMelb wrote:
The media has a lot to answer for. I agree.
What I do know is looking at median prices in my area they have only RISEN.

I must be in a parallel universe somewhere because that doesn’t jell with what I’m reading.

Mad Melbourne

So Much For “Housing Has Bottomed” – Shadow Housing Inventory Resumes Upward Climb
Once one takes the number of homeowners 30- to 90-days late on their mortgage payments and includes the likely default of those that have negative equity on their homes, there is a strong possibility more than 6.5 million additional foreclosures will enter the…[Read more]

Aussie Roof Insulation wrote:
Hi Wakebrownb,Many years ago I rendered an old weatherboard house in East Brisbane. I had it done by a professional solid plasterer who warned me in advance that it would crack… and it did all over the place – mainly vertical cracks running the full height.

Rendering over weatherboard is pretty much a no no t…[Read more]

WomeninPropMelb wrote:
..yes the media is about 3 months behind. When you start to hear mixed responses from the media – this means the market is turning.
On Saturday evening news on channel 9 they reported that prices had in fact risen in inner Melbourne.

I can’t take anyone seriously who believes MSM offer any sort of credible industry…[Read more]

WomeninPropMelb wrote:
.
This is not quite what I am hearing on the tv.

As a serious PI I hope you’re kidding right???

I rate TV, newspapers, industry journals/mags and RE blogs alongside predictions by Silvester Stallon’s mum.

Actually she has more credibility in my book.

They’re exploration rights. Standard stuff for the likes of BHP. FMG has a fair chunk of WA sown up so expanding their interest around a major investment like Olympic dam makes sense. You’re talking years to decades here so I wouldn’t get too excited. They have to find something worth mining first. Even then they could take forever to do anything…[Read more]

These are the best and lest destructive hooks for gyprock walls. They leave a pin hole which is often inperceptable. I’m not a fan of stick-ons. They either fail or damage the surface in many cases

Masonry hooks have their uses but should be used sparingly and fixed by a competent person. I’ve seen some wicked damage caused by idiots pounding…[Read more]

I’ve just left Hedland after 4 years there. 4 Years ago rents were half of what they are now. BHP where doubling their rail capacity and FMG was just starting to ship ore. While there was demand on housing, accommodation was fairly easy to obtain then. Nothing like now.

Putting today into perspective BHP, FMG, Rio and a small miner Atlas are…[Read more]

jayhinrichs wrote:
I flew to Oregon on Monday came home thursday and worked like an airline pilot 9 days a month the rest I played golf worked from home and drank some darn nice wines.JLH

Yep that’s the way to do it amigo. People often forget the value of time. It’s priceless and no amount of dollero’s will ever buy it back. Give me a modest…[Read more]

Jay, I’d have to say Sydney traffic is up there with the worst in the world. Rush hour starts around 1530 and goes through to around 1930. Forget trying to get anywhere at that time. It’s bumper to bumper. God help you if there’s a pile up.

We got caught in city central on approach to the harbour bridge going north one time. There was a pile up…[Read more]

jayhinrichs wrote:
WI…So OZ average citizen will not drive 90 minutes one way in bumper to bumper traffic to OWN a home that they can buy for half of what it cost in the inner city…. Like we do here in the US and has created the Metro areas????

Same everywhere I’m afraid. Mid 00’s everyone was moving west (Sydney) for lifestyle blah blah..…[Read more]

jayhinrichs wrote:
Excuse my I pad typing

Aagh ha an iPad dude…. all is revealed..

HF minimum investment is 1,000,,000.00 so kind of seperates the mens from the boys.

I’m guessing you missed at least 3 zeros from the above number.

Your IRA 401k stuff is similar to SMSF (self managed super fund) here. Strict rules about investing in property though. Not my field really

While there might be trillions sitting in funds I…[Read more]