The growing risk of bushfires is driving up the cost of residential building insurance across Perth, with home owners in some suburbs billed more than twice what others pay to manage the risk.

Industry figures from Finity suggest home owners in Mundaring are paying an average of $3273 per year for insurance, though some individuals whose properties have an “elevated risk” could be paying more than $5000.

In comparison, home owners in Canning have an average insurance premium of $1518 – half the amount paid by those living in the hills.

Perth suburbs overall have experienced an average increase of 78 per cent in insurance premiums in the last five years, but prices in Mundaring have skyrocketed by 103 per cent in the same timeframe.

The dataset was based on 30,000 online quotes for buil

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