Ok so I am putting in an offer on a house in Townsville (expensive insurance) near a flood area (wont affect house but does affect premiums) cheapest landlords insurance that came back through a broker was $4300 rent approx $380 week house val $310000 I figure thats $2k more per annum in insurance per year than normal in this area. Which is $40 a week off the yield calc. Still not to bad. House is well below market value compared to others in area. (motgagee in posession, needs some paint etc) potential for growth good. only have one other IP also in townsville and its insurance is also high so I dont know what is normal.. I suspect in Townsville we get the full pineapple. I think this may normalise over time. I'm a bit hesitatnt as I think this house is cheap but the market doesn't seem to think so. I dont think it can be the insurance though as I doubt everyone looking would bother to check?