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The New Daily
The New Daily
Sezen Bakan

Storm surges and erosion pose risk to $25 billion of property: CoreLogic

People residing along Australia's coastlines are living on the edge in more ways than one. Photo: Getty

Increasingly frequent storm surges and erosion could affect the value of thousands of Australian coastal homes within the next 30 years, according to property analytics firm CoreLogic.

As worsening climate change threatens Australian cities with more frequent natural disasters, properties face both physical and financial consequences.

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