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Coastal Properties at Climate Risk May Fall in Value – The Age

Coastal properties at the highest risk of climate change impacts could start to fall in value as soon as 18 months


Australia
The technology around climate change analysis has improved in the past couple of years, allowing property-specific risk analysis, the report said. Photo: Reuters

 

Many city dwellers in Australia have made a sea-change during the pandemic, sending property prices in some coastal hotspots soaring, The Age reported.

But coastal properties at the highest risk of climate change impacts could start to fall in value as soon as 18 months from now, the report said, citing an expert.

 

Read the full report: The Age.

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.