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The Conversation
The Conversation
Ehsan Noroozinejad, Senior Researcher and Sustainable Future Lead, Urban Transformations Research Centre, Western Sydney University

New climate report warns property prices face a $611 billion hit. What does that mean?

Australia Insurance

Climate risks are hitting where Australians feel it most: at home.

One of the headline-grabbing figures in a new climate risk assessment was that Australian property values could take a A$611 billion hit by 2050, under a 3°C warming scenario.

That level of warming is something Australia needs plan for. As a new National Adaptation Plan, also released yesterday, said:

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