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🎙️This week on The Property Trio, Mike, Cate and Dave dive into how environmental risks are reshaping the housing market, from skyrocketing insurance premiums to property value discounts in flood-prone areas.

🌏 The scale of the risk is staggering. Drawing on the Climate Council’s At Our Front Door report and the latest insurance data, the Trio unpack what “moderate” and “high-risk” actually mean for everyday Australians. With more than two million homes already exposed, and suburbs like Hawkesbury and Brisbane at the front line, the warnings of 2019 and 2022 are no longer projections, they’re reality. 

💰 Insurance has become the frontline battle. The average Australian might pay around $2,200 for home and contents cover, but in high-risk zones, families are seeing $7,000, $12,000, even $30,000 premiums. For some, the flood component alone tops $8,000 annually. The Trio explore how these costs push households into stress, and why underinsurance, (or no insurance at all), is becoming common in vulnerable regions. 

🏠 Property markets are already adjusting. Buyers are cautious, lenders are wary, and price discounts are appearing. UTS research showed Richmond homes in 1-in-100 flood zones selling for nearly 11% less, while post-flood Lismore recorded value drops of around 30%. Across Narrabri, Forbes, and even Sydney pockets like Windsor, the same hesitation is taking hold. 

📊 The bigger picture matters too. Disasters are costing billions annually, with projections hitting $94 billion per year by 2060 under high-emission scenarios. Banks, heavily exposed to mortgages, face systemic risks, while lower-income households bear the brunt. Yet preparedness lags, with builders, codes, and infrastructure still playing catch-up. 

🛠️ So what can investors do? The Trio share a practical five-step checklist: 

1. Use the data—flood maps, hazard reports, and council resources.
2. Get insurance quotes before you buy.
3. Assess the build—look for resilience features.
4. Diversify your portfolio across regions and risks.
5. Stay alert to policy and regulation changes.

⚠️ Climate change isn’t just about the weather, it’s about the numbers. Premiums, property values, and policies are shifting now. Smart investors who stress-test their assumptions will stay ahead; those who ignore the data risk owning tomorrow’s troubled assets.

Listeners can request Mike's checklist by contacting us.

And our gold nuggets!..... 

Cate Bakos's gold nugget: Cate takes listeners through her process for checking online quotes through insurers. Not a precise solution on it's own, but a very good gauge for flagging potential issues from the onset. 

Mike Mortlock's gold nugget: Mike warns listeners about the reliability (or unreliability) of online insurance calculators for determining insurance rebuild cost estimates. 

David Johnston's gold nugget: Dave echoes Mike's point, and reminds our listeners about the importance of adhering to a robust checklist associated with avoiding risks when it comes to property selection. 

Show notes: https://www.propertytrio.com.au/2025/09/29/climate-change-and-property/

And registrations are open for our early 2026 LIVE session in Melbourne. Seats are limited, so don't delay! Reach out to us to reserve your place.