If you own a free standing home in Wishart, QLD 4122, you're probably aware that home insurance costs can vary enormously — even between neighbouring streets. This article breaks down a real home and contents insurance quote for a four-bedroom, two-bathroom brick veneer home in Wishart, comparing it against suburb, state, and national benchmarks so you can judge whether you're getting a fair deal.
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Is This Quote Fair?
The quote in question comes in at $1,423 per year (or around $145 per month), covering both building and contents for a property with a building sum insured of $500,000 and contents valued at $70,000. The building excess sits at $3,000, with a separate contents excess of $1,000.
Our pricing engine rates this quote as CHEAP — below average for the area. That's genuinely good news for the homeowner. Based on a sample of 50 quotes collected for the Wishart suburb, the average annual premium is $2,595 and the median sits at $2,176. This quote lands well below the 25th percentile of $1,839 — meaning it's cheaper than at least 75% of quotes we've seen for comparable properties in the area.
In plain terms: if this quote is representative of what you're being offered, you're doing better than most of your neighbours.
That said, price alone doesn't tell the whole story. A lower premium can sometimes reflect higher excesses, narrower coverage, or fewer optional extras. The $3,000 building excess here is on the higher side, so it's worth factoring that into your thinking — particularly if you'd be uncomfortable covering smaller claims out of pocket.
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How Wishart Compares
To put this quote into broader context, here's how Wishart stacks up against Queensland and the rest of the country:
| Benchmark | Average Premium | Median Premium |
|---|---|---|
| Wishart (4122) | $2,595/yr | $2,176/yr |
| Queensland | $9,129/yr | $3,903/yr |
| National | $5,347/yr | $2,764/yr |
| Brisbane LGA | $16,277/yr | — |
The Queensland state average of $9,129 is dramatically higher than what Wishart homeowners typically pay — largely because that figure is pulled upward by high-risk cyclone and flood zones in Far North Queensland and other regional areas. The Brisbane LGA average of $16,277 is similarly skewed by flood-prone suburbs that attract eye-watering premiums.
Wishart, by comparison, is a relatively low-risk suburb in Brisbane's south-east. It's not classified as a cyclone risk area, and its elevated topography helps reduce flood exposure compared to many other parts of Greater Brisbane. This is reflected in the suburb's comparatively modest median premium.
You can explore full suburb-level data on the Wishart insurance stats page, compare it against Queensland-wide figures, or view the national insurance statistics for a broader picture.
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Property Features That Affect Your Premium
Every insurer prices a policy based on the specific characteristics of your home. Here's how the features of this Wishart property are likely influencing the premium:
Brick Veneer Walls Brick veneer is one of the more favourable wall materials from an insurer's perspective. It's fire-resistant, durable, and performs well in storms. Compared to weatherboard or fibro homes of a similar age, brick veneer properties often attract lower premiums.
Tiled Roof Terracotta or concrete tiles are generally well-regarded by insurers — they're robust and long-lasting. However, tiles can crack under impact (from hail, for example), and individual tiles can be expensive to replace. Overall, though, a tiled roof is considered a relatively low-risk attribute.
Slab Foundation A concrete slab foundation is standard for Queensland homes of this era and is generally viewed neutrally by insurers. It avoids the elevated moisture and pest risks sometimes associated with older timber stumped homes.
Timber and Laminate Flooring Timber and laminate floors can be more costly to repair or replace after water damage than tiles, which may have a modest upward effect on contents or building claims. It's worth ensuring your sum insured accounts for this.
Built in 1980 At over 40 years old, this home is approaching an age bracket where insurers may begin to scrutinise the condition of plumbing, electrical wiring, and roofing more carefully. While 1980s construction is generally solid, keeping up with maintenance is important — both for your safety and to avoid claim disputes.
No Pool, No Solar, No Ducted Climate Control The absence of a pool, solar panels, and ducted air conditioning simplifies the risk profile considerably. Each of these features adds complexity (and potential liability or replacement cost) that can push premiums higher. Their absence here is likely contributing to the competitive pricing.
130 sqm Building Size At 130 square metres, this is a modestly sized home relative to its four-bedroom layout. A smaller footprint generally means a lower rebuild cost, which in turn supports a more competitive premium — assuming the sum insured is calibrated accurately.
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Tips for Homeowners in Wishart
1. Review your sum insured regularly Construction costs have risen significantly across Australia in recent years. A building sum insured of $500,000 may have been adequate when the policy was first taken out, but it's worth checking whether it still reflects the true cost to rebuild your home from scratch. Underinsurance is one of the most common — and costly — mistakes homeowners make.
2. Consider whether your excess is workable The $3,000 building excess on this policy is relatively high. While a higher excess does reduce your annual premium, it also means you'll need to fund the first $3,000 of any building claim yourself. Think about whether you have that amount readily accessible, and whether a lower excess (at a slightly higher premium) might suit your financial situation better.
3. Don't overlook contents coverage $70,000 in contents cover is a reasonable starting point for a four-bedroom home, but it's easy to underestimate how much your belongings are actually worth. Walk through each room and consider electronics, furniture, clothing, jewellery, and appliances. Many homeowners find their contents are worth considerably more than they initially thought.
4. Compare quotes before renewal Even if your current premium is below average, the insurance market is competitive and prices shift. Set a reminder to compare quotes at least four to six weeks before your renewal date. Loyalty doesn't always pay in insurance — switching or negotiating can yield meaningful savings.
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Find a Better Deal with CoverClub
Whether you're a first-time buyer in Wishart or a long-term homeowner wondering if you're paying too much, comparing quotes is the single most effective way to ensure you're getting value. CoverClub makes it easy to see what multiple insurers would charge for your specific property — in minutes, with no obligation.