Impact of Climate Change on the Property Market
Climate change is affecting the property market in various ways, with many homes being destroyed by bushfires or flood water. The 2019/20 Black Summer Bushfires resulted in the destruction of over 3,000 homes, while in Lismore, almost 2,000 homes were inundated by flooding in 2022.
All Australians are paying a climate disaster penalty, whether it's through skyrocketing insurance, higher construction costs, or decreasing property values.
Flood risk alone is putting a $42 billion dent in property values across the country.
Climate change is exacerbating floods and bushfires, causing more intense and frequent disasters, ultimately affecting the property market.
Author's summary: Climate change affects property market values.
More News
- Suffolk voters [reject/approve] ballot measure extending length of county legislative terms
- Nov 5: Primark could be spun off; Workplace sickness crisis; Peugeot Polygon concept
- 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
- Mamdani prevails in New York City mayoral race
- Stephen Curry scores 28 points, Moses Moody adds 24 as Warriors beat Suns 118-107
- Editorial: Federal food stamp funding and Nassau County
- Who went home on 'Dancing with the Stars'? Elimination surprise on Rock & Roll Hall of Fame Night
- Vintage Blakeman – your man in NYC
- The story LI's election numbers tell so far