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AAP
AAP
Environment
Poppy Johnston

Property markets yet to twig to looming disaster losses

In a worst-case scenario, extreme weather could hit property values by more than $570 billion. (James Gourley/AAP PHOTOS)

Home buyers are still willing to pay top dollar for waterfront views and bush frontage but a landmark report suggests it won't always be the case.

Riverine flooding, coastal inundation, bushfires, wind storms and droughts that can crack walls will eventually catch up with property markets, according to Australia's first-ever national assessment of climate risks.

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