Extreme weather driven by climate change endangers 1.6 million households, report says

Up to 1.6 million homes nationwide are at moderate or high risk now from climate change-related extreme weather, with the number forecast to increase by more than 60 per cent by 2050.

Some of the hardest-hit areas will be entire Sydney postcodes north and south of the Hawkesbury River where almost every property could be affected by 2050, while in Melbourne, up to 45 per cent of properties will be at high risk in Port Melbourne and about one in six in Albert Park.

Climate risk analysts Climate Valuation, who issue reports for potential home buyers and mortgage lenders about the risks facing residential properties, analysed 14.3 million addresses in Australia and found 1.6 million homes were already at moderate or high risk from climate change-related extreme weather.

Read More: https://www.smh.com.au/property/news/where-properties-are-at-highest-risk-of-climate-change-linked-extreme-weather-20220907-p5bg7l.html