I just got my renewal for a Brisbane property and the insured value they've written is for $396000. Only a year ago I had to answer heaps of questions to get to an insured value. It is a modest home! 3 bed, brick and tile, with double garage, (half has been converted to an office, so only single garage really) It has two really spacious lounge and dining area's. It has an above ground pool with deck, and outside bar, with patio around half the house. Whole property fenced. Their is nothing fancy, one split system in one room and a glass front fireplace. I would have thought it would cost about $290,000 - $300,000 max to replace. I'm sure you could build a mansion for that amount!! Has anyone built lately who can share expense or have any opinion on matter?? I would say it is similar to your standard 4 bed, 2 bath, double garage AV Jennings home. + The property is 12 year old and the house and land is only worth about $430 - $490,000!
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