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QLD Cairns

Discussion in 'Where to Buy' started by Azazel, 19th Aug, 2015.

  1. Azazel

    Azazel Well-Known Member

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    Cia and Coconutwheels like this.
  2. Cia

    Cia Active Member

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    Hi, I don't post here much mostly read and absorb. The last time I went to purchase in Cairns I found I couldn't get house insurance. Is that still the case?
     
  3. HUGH72

    HUGH72 Well-Known Member

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    No but it's expensive relatively speaking and you need to shop around. For a decent sized 4brm house it would most likely be over 2k per year generally speaking. It's also more expensive near the water.
    Newer houses are built to better standards so they will attract lower premiums.
    Some insurance companies also don't like certain areas or post codes.
    Insurance and BC fees are currently more of a problem for units.
     
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  4. bob shovel

    bob shovel Well-Known Member

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    All sounds very positive but the key word is "proposed" not all of those dollars have been signed off and going ahead just yet. the casino is still being thrown around thats $8b, and probably has significant flow on proposals too
     
  5. Azazel

    Azazel Well-Known Member

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    Why, what did you do? ;)
    I had no problem getting house insurance for a place in Cairns last year. Around $1,600.
     
  6. Inov8ive

    Inov8ive Well-Known Member

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    What suburb was it @Azazel
     
  7. Azazel

    Azazel Well-Known Member

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    White Rock, under 10kms to the 'City'. Lovely spot ;)
     
  8. Inov8ive

    Inov8ive Well-Known Member

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    Yes know it well. Brother in law has one there on Disney St- yielding well, just waiting for some growth.
     
  9. HUGH72

    HUGH72 Well-Known Member

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    The Aquis proposal is the most doubtful but most of the other developments appear likely to proceed. The low dollar is definitely helping the tourism industry.
    I just hope that the large scale developers don't go crazy as they have in a few other places in regional Qld and churn out mass Legoland estates on 400m blocks and ruin things for everyone. Probably easier said than done though as most of the large areas of low lying available land between the mountains and sea is flood prone to the north of the city in the vicinity of the Barron river.
    Lots of land planned for development 15-20km from the CBD to the south of the Edmonton currently.
     
  10. Azazel

    Azazel Well-Known Member

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    Haha, I love some of the street names out there: Disney, Travolta, Hollywood. Disney is one of the decent spots.
    It's been a bit flat up there for a while, seen a bit of a rise recently.
    Still a good time to buy, decent growth will come, it's just a matter of time.
     
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  11. Bran

    Bran Well-Known Member

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    I've been waiting a long time.

    I'm paying 5k insurance for my place at Edge Hill, but I'm long overdue for a policy change, just haven't got around to it. Terrible waste of money
     
  12. Azazel

    Azazel Well-Known Member

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    Jesus. Is it in a flood zone, or has the roof been blown off before or something?
     
  13. strongy1986

    strongy1986 Well-Known Member

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    Bran I feel your pain

    Well I did

    I was paying 4k for insurance in townsville
    Swapped to youi two months back
    Now I'm paying 1400

    On a reconstruction vale of $435k

    Before that youi wouldn't insure it though - upgraded there policies
     
  14. Azazel

    Azazel Well-Known Member

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    Crikey. That's a big difference.
    Was there a thread on NQ insurance, or was that on SS?
    Might be worth creating an insurance thread here if there isn't one.
     
  15. HUGH72

    HUGH72 Well-Known Member

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    Try Youi or QBE, or shop around that sounds very high for Edgehill.
     
  16. Beachy

    Beachy Active Member

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    Is this a joke?

    So 100,000 homeowners in Cairns must not have insurance on their properties - WTF!!

    Of course, there is insurance cover in Cairns!!
     
  17. Beachy

    Beachy Active Member

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    I pay $2,200 - $300,000 house cover
     
  18. Bran

    Bran Well-Known Member

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    QBE was even worse. Its not in a flood zone or anything of concern.
     
  19. Azazel

    Azazel Well-Known Member

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    Hey Bran, did you try Suncorp and/or GIO?
     
  20. Bran

    Bran Well-Known Member

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    Az, I haven't tried anywhere different since I've had it (ten years).
    I will put it on my list for must-dos this week.