Wishart is a well-established residential suburb in Brisbane's south-east, known for its leafy streets, proximity to quality schools, and a strong mix of established and newer family homes. If you own a free standing home here, understanding what you should be paying for home and contents insurance — and why — can save you hundreds of dollars a year. In this article, we break down a real quote for a five-bedroom, three-bathroom home in Wishart (postcode 4122) and put it in context against local, state, and national benchmarks.
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Is This Quote Fair?
The quote in question comes in at $2,073 per year (or $210/month) for combined home and contents cover, with a building sum insured of $854,000 and contents valued at $65,000. The building excess is $3,000 and the contents excess is $1,000.
Our pricing engine rates this quote as Fair — Around Average. That's a reasonable outcome for a property of this size and specification, and it suggests the insurer has priced the risk without loading the premium excessively. It's not the sharpest deal on the market, but it's comfortably within a sensible range for Wishart.
To put this in perspective: based on 50 quotes collected for this suburb, the suburb median premium sits at $2,176/year, meaning this quote actually comes in below the median for comparable Wishart properties. The suburb average is a little higher at $2,595/year, which is being pulled upward by some higher-end quotes at the top of the range.
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How Wishart Compares
One of the most striking things about this quote is how it stacks up against broader benchmarks. Let's look at the numbers side by side:
| Benchmark | Premium |
|---|---|
| This Quote | $2,073/yr |
| Wishart 25th Percentile | $1,839/yr |
| Wishart Median | $2,176/yr |
| Wishart Average | $2,595/yr |
| Wishart 75th Percentile | $3,295/yr |
| Brisbane LGA Average | $16,277/yr |
| QLD State Average | $9,129/yr |
| QLD State Median | $3,903/yr |
| National Average | $5,347/yr |
| National Median | $2,764/yr |
The contrast with the broader Queensland insurance market is stark. The state average of $9,129/year is more than four times this quote — though it's important to note that QLD's average is heavily skewed by high-risk areas in regional and coastal Queensland, particularly cyclone-prone zones in the north. Wishart, situated in metropolitan Brisbane, is not classified as a cyclone risk area, which is a significant factor in keeping premiums lower.
Even against the national average of $5,347/year, this quote looks very competitive. The national median of $2,764/year is closer to home, and this quote sits comfortably below that too. For a five-bedroom, newly built home in a desirable Brisbane suburb, $2,073/year represents solid value.
The Brisbane LGA average of $16,277/year deserves a special mention — this figure is dramatically elevated by flood-affected and high-risk properties within the broader Brisbane council area, and should not be taken as typical for low-risk suburbs like Wishart.
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Property Features That Affect Your Premium
Several characteristics of this property work in the homeowner's favour from an insurance pricing perspective:
New construction (2023): A home built in 2023 benefits from modern building codes, which mandate improved structural integrity, fire resistance, and energy efficiency. Insurers generally view newer homes as lower risk than older dwellings that may have ageing wiring, plumbing, or roofing.
Brick veneer walls: Brick veneer is one of the most common and well-regarded wall constructions in Australian suburban homes. It offers solid fire resistance and durability compared to lightweight cladding or weatherboard alternatives, which can translate to more favourable underwriting.
Steel/Colorbond roof: Colorbond roofing is highly regarded by insurers for its resistance to fire, wind, and corrosion. It's a low-maintenance material that holds up well in Queensland's hot, humid summers and storm season — a meaningful risk consideration in south-east QLD.
Concrete slab foundation: Slab-on-ground construction is generally considered stable and less susceptible to certain subsidence or pest-related risks compared to older suspended timber floors.
Solar panels: While solar panels add value to the property and require coverage under the building sum insured, they don't typically cause a significant premium increase for a standard residential system. It's worth confirming with your insurer that your panels are explicitly covered under your policy.
Ducted climate control: Ducted air conditioning systems are a high-value fixture and are generally included within the building sum insured. Their presence is factored into the $854,000 building replacement cost, which is appropriate for a home of this size and specification.
No pool: The absence of a swimming pool removes a common source of liability and maintenance-related claims, which can modestly reduce risk in the eyes of an underwriter.
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Tips for Homeowners in Wishart
1. Review your building sum insured regularly. At $854,000 for a 153 sqm home built in 2023 with quality fixtures, the sum insured appears reasonable — but construction costs in Queensland have risen sharply in recent years. Make sure your coverage reflects current rebuild costs, not purchase price or market value. Tools like the Cordell Cost Calculator (often built into insurer quote flows) can help you estimate this accurately.
2. Check what's included for your solar system. Solar panel arrays are a meaningful asset. Confirm with your insurer whether your system is covered for accidental damage, storm damage, and electrical faults — and whether the inverter is included. Some policies cover panels as part of the building; others require a separate endorsement.
3. Consider your excess strategy. This quote carries a $3,000 building excess and a $1,000 contents excess. A higher excess typically reduces your premium, but make sure the excess is an amount you could genuinely afford to pay at claim time. For a lower-risk, newer home, a higher excess can be a smart trade-off — but only if it's financially manageable.
4. Compare at renewal, not just at inception. Even a "Fair" quote today can drift into overpriced territory at renewal if your insurer applies a loyalty premium increase. Set a reminder to compare quotes on CoverClub each year before your renewal date to ensure you're still getting a competitive rate.
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Compare Your Own Quote
Whether you're a first-time buyer or a long-term Wishart resident, it pays to know where your premium sits relative to the market. CoverClub aggregates real quote data from across Australia so you can make an informed decision — not just take the first renewal notice at face value. Get a home insurance quote today and see how your property compares against hundreds of similar homes in your suburb and beyond. You can also explore the full Wishart insurance statistics to dig deeper into local pricing trends.