Marty Sadlier | Australia’s underinsurance epidemic: 83% underinsured!?

Marty Sadlier has over 19 years experience in the building and construction industry, he is the co-founder of MCG Quantity Surveyors which is recognised as Australia’s fastest growing quantity surveying firm; working with big names in business like McDonalds, CBA and Westpac. In this episode Marty breaks the news to Australians about the widespread building defects, the unbelievable underinsurance across Australia and what property investors should be doing to safeguard their biggest asset.

Here’s what we covered:

• How underinsured are Australians?
• How to work out how much you should insure your house for?
• Are online value calculators accurate?
• How does extra costs such as demolish get lost in property owners calculations?
• Can you insure depreciating buildings?
• What is the difference between a valuer and a quantity surveyor?
• Do apartment 5 year valuations increase their premiums?
• How many buildings have flammable cladding?
• Are things improving around building defects or is it getting worse?

RELEVANT EPISODES:Episode 138 | Simon Kuestenmacher Episode 121 | Bart Mead Episode 113 | Dr. Nicole Johnston

GUEST LINKS:https://www.mcgqs.com.au/elephant/ Fire Cladding Blog Common building defects Blog Final NSW Government Report into Building Standards and Quality Blog

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au

Send in your questions to: questions@theelephantintheroom.com.au

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in February 2021.

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