![](\"https:\/\/fmsto.blob.core.windows.net\/cms\/images\/055\/0004_637837887708211365.jpg\")
<\/p>\n
Extreme weather events and environmental concerns are becoming a substantial consideration for many potential homebuyers and property investors.<\/p>\n
According to the latest study by Australian Housing and Urban Research Institute (AHURI), the threat of natural disasters such as floods and bushfires is now a key factor for more than a third of Australians in deciding what regional or rural city to move to.<\/p>\n
AHURI\u2019s study found four natural hazards that are perceived to be the biggest threats:<\/p>\n
- \n
- 72% of people say extreme heat and bushfire<\/li>\n
<\/p>\n
- 66% floods and flash floods<\/li>\n
<\/p>\n
- 62% drought and water shortage<\/li>\n
<\/p>\n
- 54% pandemic impacts<\/li>\n
\n<\/ol>\n
Risks arising from climate change<\/h2>\n
A separate study by CoreLogic found that increasing storm surges and coastal erosion could potentially impact $25bn worth of residential coastal properties.<\/p>\n
CoreLogic head of consulting and risk management Dr Pierre Wiart said the recent weather events in Queensland and New South Wales shed light on the importance of knowing the risk of a location, particularly climate-related coastal risks.<\/p>\n
\u201cThis is leading to direct physical and financial consequences. Coastal risk has far-reaching implications for the country\u2019s property market and its supporting financial sector, including property valuations, home loan viability and insurance premiums,\u201d he said.<\/p>\n
Dr Wiart said urgent attention is needed given the alarming impact of climate change on Australia\u2019s coastal erosion and rising sea levels.<\/p>\n
\u201cUnderstanding the coastal risk associated with those properties is important to every owner, potential buyer, and ultimately our property and financial sectors that are supporting the expansion of new coastal properties in number and in value,\u201d he said.<\/p>\n
These natural trends are also affecting credit risks, long-term loans, and insurance.<\/p>\n
\u201cProperty owners face ballooning insurance premiums and restricted insurance coverage, together diminishing their insurance affordability and protection of their significant assets,\u201d he said.<\/p>\n
Dr Wiart said the data will not only help businesses and property groups employ a sophisticated approach to quantifying the risks of climate change and enhancing risk management, but also help homebuyers and homeowners make the best property decision for a long-term wealth preservation.<\/p>\n
Most at-risk suburbs<\/h2>\n
The CoreLogic report identified 10 suburbs which have a \u2018very high’ and \u2018high\u2019 coastal risk score.<\/p>\n
Those categorised as \u2018very high\u2019 risk may be impacted by coastal retreat within the next 30 years and may also be at very high risk of significant storm surge impact.<\/p>\n
The study found that Queensland has the highest share of properties at ‘very high\u2019 risk for the number of both individual houses and units, given the Sunshine and Gold Coast\u2019s densely populated coastlines.<\/p>\n
New South Wales, Tasmania, and South Australia also have many individual houses classified at a ‘very high’ coastal risk.<\/p>\n
Here are the suburbs with the highest number of most-at risk detached houses and apartments and the corresponding value at risk.<\/p>\n
\n\n
\n <\/p>\n Suburb (LGA)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n State<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n Detached houses<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n Apartment dwellings<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n Value at Risk<\/p>\n
\n <\/p>\n($)<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n\n <\/p>\n Paradise Point (Gold Coast)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n QLD<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 406<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 43<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 1.47bn<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n\n <\/p>\n Cronulla (Sutherland)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n NSW<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 8<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 254<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 486.4m<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n\n <\/p>\n Port Melbourne (Port Phillip)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n VIC<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 29<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 202<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 483.8m<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n\n <\/p>\n Manly (Northern Beaches)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n NSW<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 21<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 109<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 462.1m<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n\n <\/p>\n Aspendale (Kingston)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n VIC<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 112<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 136<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 455.3m<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n\n <\/p>\n Runaway Bay (Gold Coast)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n QLD<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 136<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 219<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 424.1m<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n\n <\/p>\n Brighton (Bayside)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n VIC<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 50<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 43<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 415.4m<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n\n <\/p>\n Caloundra (Sunshine Coast)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n QLD<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 20<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 523<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 380.5m<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n\n <\/p>\n Collaroy (Northern Beaches)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n NSW<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 34<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 74<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 375.9m<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n\n <\/p>\n Golden Beach (Sunshine Coast)<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n QLD<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 100<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 294<\/p>\n
\n\t\t\t<\/td>\n
<\/p>\n
<\/p>\n 340.6m<\/p>\n
\n\t\t\t<\/td>\n
\n\t\t<\/tr>\n<\/tbody>\n<\/table>\nCoreLogic research director Tim Lawless said it is crucial to understand these risks, especially given the fact that there has been an acceleration in the coastal living trend over the past two years.<\/p>\n
\u201cThere has been a broad demographic shift where more Australians are prepared to consider housing options outside of the capital cities,\u201d he said.<\/p>\n
\u201cWorking from home has been a catalyst of this trend with more people basing themselves in regional locations during the pandemic.\u201d<\/p>\n
\u2014<\/p>\n
Photo by @cityofgoldcoast on Unsplash<\/p>\n<\/p><\/div>\n
\n Top Suburbs :
\n
\n
\n collingwood<\/a>
\n
\n ,
\n
\n west wodonga<\/a>
\n
\n ,
\n
\n spearwood<\/a>
\n
\n ,
\n
\n midland<\/a>
\n
\n ,
\n
\n keperra<\/a>
\n \n<\/p>\n<\/p><\/div>\n\n\n
\n Get help with your investment property<\/h3>\nDo you need help finding the right loan for your investment?<\/strong><\/p>\n
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.<\/p>\n
Just fill in a few details below and we’ll then arrange for a local mortgage broker\u00a0to contact you and work out what features or types of loans are right for your needs. We’ll even help with the paperwork. Plus an\u00a0appointment is free.<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n
<\/p>\n
\n We value your privacy and treat all your information seriously – you can check out
\n our privacy policy here<\/a><\/div>\n<\/div>\n