Policy Online carries a link (30.5.16) to a Climate Institute report outlining the financial risk to Australia’s housing and property sectors posed by the increasing effects of climate change.
‘There goes the neighbourhood, is the largest review of the financial implications of climate risk to housing in Australia.
‘Natural hazards that are introduced or exacerbated by climate change include coastal shifts (erosion, storm surge, inundation etc.), riverine flooding, and bushfires. These risks are often poorly understood and communicated to those buying or building property in along Australia.
‘The paper finds that despite many public policy reviews and recommendations, and several private sector initiatives, policies and industry practices actually encourage the continued development of vulnerable housing in exposed areas.’
- There goes the neighbourhood: climate change, Australian housing and the financial sector »
- Sydney’s wild weather shows home-owners are increasingly at risk »
- Australian building codes don’t expect houses to be fire-proof – and that’s by design »
- Before we rush to rebuild after fires, we need to think about where and how »
- Building standards give us false hope. There’s no such thing as a fireproof house »
- Drought, fire and flood: how outer urban areas can manage the emergency while reducing future risks »
- 90% of buildings in bushfire-prone areas aren’t built to survive fires. A national policy can start to fix this »
- Asking people to prepare for fire is pointless if they can’t afford to do it. It’s time we subsidised fire prevention »
- Underinsurance is entrenching poverty as the vulnerable are hit hardest by disasters »
- Fires bring home climate-driven urgency of rethinking where we live – and how »
- When climate change and other emergencies threaten where we live, how will we manage our retreat? »
- Mayor defends planning decisions ‘made 150 years ago’ amid calls for flood insurance support »
- After the floods, the distressing but necessary case for managed retreat »
- One in 25 homes uninsurable by 2030 due to climate change, new study finds »
- Half a million homes to become ‘uninsurable’ by end of decade, says shock report »
- Climate change means 1 in 25 homes could become uninsurable by 2030, report warns »
- Climate change hits low-income earners harder – and poor housing in hotter cities is a disastrous combination »
- Home buyback scheme receives 443 applications from flood-hit Queensland property owners »