If you own a free standing home in Bray Park, QLD 4500, understanding what you should expect to pay for home and contents insurance is a smart first step toward protecting one of your most valuable assets. This article breaks down a real insurance quote for a four-bedroom, two-bathroom brick veneer home in Bray Park — and puts that number into context against local, state, and national benchmarks.
---
Is This Quote Fair?
The quote in question sits at $1,748 per year (or roughly $168 per month) for combined home and contents cover. This covers a building sum insured of $700,000 and contents valued at $111,000, with a $5,000 excess applying to both building and contents claims.
Our price rating for this quote is FAIR — Around Average.
Within the Bray Park suburb, the average premium across recent quotes is $2,156/yr, while the median sits notably higher at $2,579/yr. At $1,748, this quote comes in well below both figures — sitting closer to the suburb's 25th percentile of $1,342/yr than to the upper end of $2,688/yr (75th percentile). That's a meaningful saving compared to what many Bray Park homeowners are paying.
That said, "fair" doesn't necessarily mean "the best available." There's still a reasonable gap between this quote and the cheapest 25% of suburb quotes, which suggests there may be room to do better with further comparison shopping.
---
How Bray Park Compares
Bray Park sits in the Moreton Bay LGA, one of Queensland's fastest-growing regions. When you zoom out and look at the broader picture, the suburb's insurance costs look relatively contained:
| Benchmark | Premium |
|---|---|
| This Quote | $1,748/yr |
| Bray Park Suburb Average | $2,156/yr |
| Bray Park Suburb Median | $2,579/yr |
| Moreton Bay LGA Average | $3,145/yr |
| QLD State Average | $4,547/yr |
| QLD State Median | $3,931/yr |
| National Average | $2,965/yr |
| National Median | $2,716/yr |
The contrast with Queensland as a whole is striking. The state average premium for QLD is $4,547/yr — more than 2.6 times the cost of this particular quote. Much of that state-wide inflation is driven by high-risk coastal and cyclone-prone areas in North Queensland, where premiums can be eye-watering.
Compared to the national average of $2,965/yr, this quote is also meaningfully cheaper — by over $1,200 annually. For homeowners in Bray Park, that's a reassuring sign that the suburb's risk profile is relatively moderate on the broader Australian scale.
You can explore more localised data on the Bray Park suburb stats page, which is updated regularly as new quotes come in.
> Note: The suburb sample size for this comparison is 15 quotes, so while directionally useful, these figures will become more precise as more data is collected.
---
Property Features That Affect Your Premium
Every insurer assesses risk differently, but certain property characteristics consistently influence what you'll pay. Here's how the features of this particular home come into play:
Brick Veneer Walls & Colorbond Roof
Brick veneer is generally viewed favourably by insurers — it's durable, fire-resistant, and widely understood. Paired with a steel Colorbond roof, this home has a construction profile that's both common and well-regarded in Queensland. Colorbond roofing performs well in heat and moderate weather events, and replacement costs are predictable for insurers.
Built in 1979 on a Concrete Slab
Homes built in the late 1970s are old enough to potentially have ageing plumbing, wiring, or other infrastructure — factors that can nudge premiums upward. However, a concrete slab foundation is considered low-risk compared to older stumped or suspended timber foundations, which can be more susceptible to movement and moisture issues.
Timber and Laminate Flooring
Flooring type matters more for contents and internal damage claims than for the building structure itself. Timber and laminate floors can be more vulnerable to water damage than tiles, which is worth keeping in mind when assessing your contents cover and excess levels.
Swimming Pool
A pool adds both value and complexity to a home insurance policy. It increases the replacement cost of the property and may be a factor in the building sum insured calculation. Pools also introduce liability considerations, though these are typically addressed through the liability component of a home policy.
Solar Panels
Solar panels are increasingly common on Queensland homes, but they do add to the insured value of the building. Most policies cover panels as part of the building sum insured, so it's worth confirming your $700,000 building cover adequately accounts for the cost of replacing your system.
Above Average Fittings
This property is noted as having above average fittings quality — think stone benchtops, quality appliances, premium fixtures, and the like. Higher-spec interiors cost more to repair or replace, which is reflected in a higher sum insured and, consequently, a slightly higher premium.
No Cyclone Risk
Bray Park falls outside designated cyclone risk zones, which is a significant factor keeping premiums lower than many other Queensland postcodes. This is one of the key reasons the suburb compares so favourably against the state average.
---
Tips for Homeowners in Bray Park
1. Review Your Building Sum Insured Regularly
With construction costs rising across Queensland, it's easy to find yourself underinsured if you haven't revisited your building sum insured recently. At $700,000 for a 244 sqm home, this quote appears well-considered — but it's worth using a building cost calculator each year at renewal to make sure you're keeping pace with labour and materials inflation.
2. Consider Whether a $5,000 Excess Is Right for You
A higher excess typically lowers your annual premium, but $5,000 is a significant out-of-pocket cost at claim time. Think about whether you'd comfortably cover that amount in the event of storm damage or a burst pipe. If cash flow is a concern, a lower excess (even at a slightly higher premium) might offer better peace of mind.
3. Don't Overlook Your Pool and Solar in Your Policy Review
Make sure your insurer is aware of both your swimming pool and solar panel system, and that these are explicitly covered under your policy. Some policies have specific sub-limits or exclusions for solar equipment, and pool-related damage (such as a collapsing retaining wall) can sometimes fall into grey areas.
4. Shop Around at Each Renewal
Even if you're happy with your current insurer, it pays to compare at least every one to two years. The insurance market shifts, and loyalty doesn't always translate into the best price. Based on Bray Park's 25th percentile of $1,342/yr, there are cheaper options available in this suburb — it's just a matter of finding the right fit for your level of cover.
---
Ready to Compare Home Insurance Quotes?
Whether you're reviewing your current policy or shopping for the first time, comparing multiple quotes is the single most effective way to ensure you're getting fair value. Get a home insurance quote at CoverClub and see how your premium stacks up against real data from homeowners in Bray Park and across Australia. It takes just a few minutes and could save you hundreds of dollars a year.