What is the average cost of house and contents insurance in Australia?

What is average cost of house and contents insurance in Australia is $1,500 to $2,500 per year for $500K building plus $80K contents, with building $1,200 to $1,800 per year for $500K building and contents $300 to $800 per year for $30K to $80K contents, according to Canstar and Finder. House and contents insurance, also called home insurance, covers building structure $500K to $1M against fire, storm, flood, theft and vandalism, plus contents personal belongings $30K to $80K including furniture, electronics, clothing, plus $20M public liability if visitor injured $100K to $500K claim. For example, $500K building plus $80K contents average $1,800 per year from Budget Direct cheapest $1,300 building $1,000 plus contents $300 = $1,300, Youi $1,500 building $1,200 plus contents $300 = $1,500, NRMA $2,200 building $1,600 plus contents $600 = $2,200. For $700K building plus $100K contents average $2,000 to $3,000 per year. Factors include state QLD and NT higher 20% due to flood and cyclone $1,800 versus TAS $1,300 cheapest, flood cover optional extra 10% to 20% $100 to $200, excess $500 to $1,000 higher excess saves $100, and sum insured $500K building plus $80K contents. So average cost house and contents insurance $1,500 to $2,500 per year for $500K building plus $80K contents, with building $1,200 to $1,800 and contents $300 to $800, total $1,500 to $2,500, with Budget Direct cheapest $1,300 and NRMA $2,200, mandatory for mortgage $500K.