
Inflation Is Affecting Building Insurance Valuations | QBM Brisbane
Australia is experiencing a period of inflation. While the official rate has been 2.5 per cent, the RBA reports inflation rates now sit around 3.8 per cent, vastly due to the pandemic response last year. Childcare and pre-school packages, medical and hospital services, and the recovering cost of fuel are some of the major drivers contributing to the rise in the last two quarters.
This rise means any building insurance valuations completed before this year no longer reflect the official inflatio
This rise means any building insurance valuations completed before this year no longer reflect the official inflatio