BRISBANE, Australia, July 5, 2024 /PRNewswire/ -- Home Insurance quote data from Budget Direct has shown which Australian states and suburbs are the most secure based on how many homes were fitted with a security alarm.
Collective data from the past five years, as of 1 Jan 2023 reveals that Western Australia leads the way from a security standpoint with 63.17 percent of homeowners who received a Budget Direct Home Insurance quote identifying their home as being equipped with an alarm.
The western state was well ahead of the east with just 53.06 percent of New South Wales homes and 51.76 percent of homeowners in Victoria stating they had alarms fitted at home.
The least protected state was Tasmania with 30.59 percent of homeowners who obtained a Home Insurance quote from Budget Direct having security systems in place. Queensland was not much better, with 33.80 percent of homeowners noting their houses had security alarms fitted.
Budget Direct's Chief Growth Officer, Jonathan Kerr, said their collective data showed that at the end of the 2022/23 financial year, 48.67 per cent of Australian homeowners said they had an alarm system.
"It's no surprise that people are wanting to feel more secure. As we've been seeing on the news, home invasions and break-ins are increasing at an alarming rate," Mr Kerr noted.
Budget Direct's most recent Home Insurance quote data also identified which suburbs in each state or territory had the highest percentage of self-reported residential alarm systems surveillance.
Tasmania's second largest city Launceston had the most monitored homes in the country, with 5.18 per cent of those who obtained a Home Insurance quote in the suburb noting their home was fitted with alarms.
It's little wonder this is the case given that property-related offences in Australia's southernmost state increased 5.7 per cent between 2020-2021 and 2021-2022, according to the Department of Police, Fire and Emergency Management's most recent Crime Statistics Supplement.
Dunlop was the most secure suburb in the Australian Capital Territory with 4.06 per cent of homeowners who obtained a Home Insurance quote in the ACT boasting an alarm set-up.
Across the rest of the country, Armadale led the way for Western Australia (2.07%); Mawson Lakes for South Australia (1.74%); Hoppers Crossing for Victoria (1.48%); NSW 's Kellyville (1.34%) and Queensland's Goodna region (0.57%).
For the breakdown of homes with alarm systems installed per state see here.
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DISCLAIMER
Budget Direct Insurance is arranged by Auto & General Services, ABN 61 003 617 909, AFSL 241411. Registered Office: 13/9 Sherwood Road, Toowong 4066 on behalf of the insurer, Auto & General Insurance Company Limited ABN 42 111 586 353.
This is general information only, and does not take into account your particular objectives, financial situation and needs and you should consider whether it is appropriate for you, having regard to these factors before acting on it. Read the Product Disclosure Statement, Target Market Determination, Financial Services Guide, Key Fact Sheets available at budgetdirect.com.au, and consider if the product is right for you before deciding to purchase or continue to hold the product.
While Budget Direct has endeavoured to ensure the information we've relied on is accurate and current, we do not guarantee it. Budget Direct accepts no liability for this information.
