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The true cost of home ownership (from rates & repairs to termite infestations)

Australian Finance Podcast

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Navigating Homeownership Costs in Australia

This chapter explores the often hidden expenses of homeownership in Australia, emphasizing the importance of understanding costs such as termite damage, structural repairs, and ongoing council rates. Personal anecdotes highlight varying experiences related to home maintenance, insurance complexities, and the financial implications of local government services. Listeners are encouraged to budget carefully and evaluate their insurance needs, particularly for high-value items, while gaining insights into the management of owners' corporations.

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