Strata Insurance Valuations SEQ: Rebuild Costs vs. Market Value (2026 Guide)
- Shayne Dunstan
- Apr 14
- 2 min read
If you’re on a Body Corporate committee in South East Queensland, you’ve probably noticed that insurance premiums are doing their best impression of a SpaceX launch. They are heading straight for the stars.
To keep your costs grounded, you need a valuation that balances the “Quantitative” with human expert judgment.
The Quantitative Data
Valuers, don't pull numbers out of thin air. We build our reports using:
Costing Guides & Indices: Using real-time 2026 data on what timber, steel, and hourly labor actually cost in South East Queensland.
As-Built & Survey Plans: Analyzing the literal DNA of your building—the floor plates, structural integrity, and land boundaries.
Onsite Inspections: Because plans don't always tell the whole story. We measure, inspect finishes, and assess site access (like how hard it would be to get a crane into a tight Gold Coast street).
The "Sanity Check": The Net Cost vs. Market Value Ratio
Once the technical math is finished, our valuers do something vital: we stand back and look at the "Why." We calculate the ratio between the Net Cost (what it costs to rebuild your "sticks and bricks") and the Market Value (what the units actually sell for). This acts as a high-level sanity check to ensure the replacement cost actually makes sense.
🏢Why does this matter?
Because a valuation isn't just a number on a page—it's your safety net. Your valuer must be able to explain the "why." At the end of the day, your valuer should be your scheme's biggest advocate.
👉Enquire About Our Strata Insurance Valuations
Prefer to chat? Call Shayne Dunstan directly on 0425 542 971 or email us at qld@delphiproperty.com.au
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