Who is our underwriter

Posted by:

QBE logoREAL has partnered with QBE Insurance (Australia) Ltd – We believe that QBE are a visionary company who will assist with the continuing innovation and diversity that our suite of Landlord products need to keep up with the ever changing rental market.

QBE have received a Standard & Poor’s (Australia) Pty Ltd financial strength rating of A+

This means we have a ‘Very Strong’ claims paying ability, as you can see in the scale below. As a customer, this is important to you as it’s your reassurance that we will be able to pay your claims now and in the future.

 

The rating scale is:
AAA (Extremely Strong)
AA (Very Strong)
A (Strong)
BBB (Good)
BB (Marginal)
B (Weak)
CCC (Very Weak)
CC (Extremely weak)

 

The ratings from ‘AA’ to ‘B’ may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

0

Residential Rental Property Info

Posted by:

Residential rental property includes such big groups like stand alone houses, apartment buildings, small multiple-unit properties, low-income houses and some other less popular and numerous units such as boarding houses. Residential rental property is the biggest category of the rental property segment in general compared to commercial rental property, and vacation rental property. Most of the transaction and investment operations dealing with rental property concerns residential rental property and it is obvious, because most people want to rent a property for living there but not for business.


The first group of stand alone houses is the most attractive for potential residential rental property investors  because even if the rent price doesn’t grow the value of the house itself grows all the time. So, potentially this kind of rental property provides you with double property income. Low deposit and different available financing options are also among advantages of this type of residential rental property. But if you lose your tenant for example, at the same time you lose your income until you find another tenant.

Another group of residential rental property is represented by apartment buildings. Whilst this type of market can have ‘high churn’ (short term tenancies) they can provide a good return to the astute investor.

 

Low income houses belong to a very specific group of residential rental property because it has its own unique problems and advantages on the other hand. Houses in a poor condition usually need more repair and more time to be invested but quite a big cash flow makes them attractive for residential rental property investors.

By utilising the skills and knowledge of a Professional Property Management Company, the wise investor can reduce their risks significantly.

Having a stand alone insurance product designed to protect the various losses associated with owning residential investment properties, an investor can keep their asset value and protect their income.

0