buying a timber house

Hi, I am new to Australia, I am looking for a house and I came across a timber house for sale. it looks very nice. However, this is the first time I came across a timber house (most of the time it is brick veneer house, so I assume timber house is not common?) Any advice on what are the pro and cons of timber house, what areas should i look out for?

Quite common in the Eastern states. Watch for termites of course (its wood) and if the floors aren't level it might need restumping.

The more modern 'timber' houses are hardiplank, fibre-cement boards.