Climate Change Impact on Property Market
Climate change is affecting the property market, with severe consequences such as homes destroyed by bushfires or flood water.
Notable examples include the 2019/20 Black Summer Bushfires, which destroyed over 3,000 homes, and the 2022 flooding in Lismore, which inundated almost 2,000 homes.
All Australians are paying a climate disaster penalty, whether through skyrocketing insurance, higher construction costs, or decreasing property values.
Flood risk alone is estimated to decrease property values by $42 billion across the country.
Climate change is exacerbating floods and bushfires, causing more intense and frequent disasters.
Author's summary: Climate change affects property market values.
More News
- Putin Signs Laws to Guard Refineries With Reservists, Allow Year-Round Conscription
- Mikie Sherrill Elected Governor of New Jersey - The Montclarion
- Prop 50 passed because grifters were scared of losing their grift | The Spectator Australia
- Bridget Phillipson must not abandon special needs children | The Spectator Australia
- Stephen Curry scores 28 points, Moses Moody adds 24 as Warriors beat Suns 118-107
- The story LI's election numbers tell so far
- Mamdani prevails in New York City mayoral race
- Nov 5: Primark could be spun off; Workplace sickness crisis; Peugeot Polygon concept