15 Australian suburbs, including Cannington and South Yunderup, face high flood risks, with potential uninsurability impacts on their property markets.
15 Australian suburbs, including Cannington and South Yunderup, face high flood risk according to a new report by Climate Valuation. The report reveals that over 72% of properties in Cannington and half of the properties in South Yunderup have a high risk of flooding. The risk of flood damage may lead to uninsurability, leaving these suburbs without access to crucial mortgage lending and insurance services, threatening the functioning property market.
June 30, 2024
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