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Home values suffer $42 billion loss in flood zones
More than one in 10 houses in Australia are in flood risk zones, tanking market values as the impacts of climate change worsen.
A new report out today by the Climate Council and property insights firm PropTrack puts a dollar figure on it for the first time at $42 billion dollars.
- Guest: Nicki Hutley, independent economist with the Climate Council
- Producer: Eddy Diamond
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By ABC Australia
4
1313 ratings
More than one in 10 houses in Australia are in flood risk zones, tanking market values as the impacts of climate change worsen.
A new report out today by the Climate Council and property insights firm PropTrack puts a dollar figure on it for the first time at $42 billion dollars.
- Guest: Nicki Hutley, independent economist with the Climate Council
- Producer: Eddy Diamond
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