Home buyers are still willing to pay top dollar for waterfront views and bush frontage but a landmark report suggests it won't always be the case.

Create a free account to read this article

Login or signup to continue reading

Continue with Email

Continue with Google

Continue with Apple

Riverine flooding, coastal inundation, bushfires, wind storms and droughts that can crack walls will eventually catch up with property markets, according to Australia's first-ever national assessment of climate risks .

Under a worst-case scenario, extreme weather events are estimated to hit values by $570 billion by the end of the decade.

Losses could climb to more than $610 billion by 2050 under 3C of warming - a temperature rise the Australian Climate Service views as "prudent" to prepare for

See Full Page