Gold Coast suburb has $1.4bn in property at ‘very high risk’ from coastal erosion

CoreLogic says its data shows $25bn worth of property in Australia – including on the Gold Coast - was exposed to a ‘very high risk’ of coastal erosion. Photograph: Mark Kolbe/Getty Images

New data has identified the affluent Gold Coast suburb of Paradise Point as having the highest value of property at risk of coastal erosion in Australia.

An estimated $1.4bn worth of property within 6.4km of the coastline in Paradise Point is at “very high risk” of coastal erosion or storm-surge-related damage within the next 30 to 60 years, according to analysis by CoreLogic.