Browse Forums General Discussion 1 Dec 11, 2020 8:10 pm Looking at a H&L property that is in a flood prone area (low to medium risk) of Leppington (part of the Willowdale estate) and the lot is adjacent to the Upper Canal. Naturally, it raises concerns around insurance companies providing cover and also the bank approving a loan for such a property. Does anyone have any advice or experience in regards to this? Re: Flood prone area and adjacent to canal 2Dec 13, 2020 12:04 pm I bought a house once that was next to a river. The house was built in 1912 and had never been flooded. However, during the settlement period the river did flood, and while the house wasn’t affected, water did lap at the property boundary. The following year my insurance company increase the premium from about $700 to $4000. Needless to say, we shopped around and left that company, but still ended up having to pay around $1700. The moral of the story is that insurance companies will probably insure your home, but it will cost you. We are building a second dwelling and are currently selecting window and door frames. We want to blend into the forest and also bring out the stone work and the fake wood… 0 17341 Give Jonathan a call. Tell him you know me. He is in my opinion the best surveyor I have ever worked with. His number is 0425 285 622 All the best Simeon 3 12527 Yes it had a house on it. But Melbourne water only wanted something the original size of the existing house. We managed to fit a 45sq house on. 10 33703 |