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flag Flood risk reduces Australian home values by $75,500 on average, with $42.2 billion in nationwide losses, worsened by climate change.

flag Homes in flood-prone areas of Australia are worth an average of $75,500 less than similar homes elsewhere, with up to 70% selling at a discount, according to a new report by PropTrack and the Climate Council. flag The analysis, the first to separate flood-risk and non-risk properties in a single dataset, finds that while affected homes recover after disasters, they do so from a lower base, widening the value gap over time. flag Nationally, flood risk reduces housing stock value by $42.2 billion, primarily impacting Queensland and New South Wales. flag Climate change is intensifying rainfall and flooding, making floods Australia’s most damaging weather event, with major impacts in early 2025. flag While some high-value waterfront areas see resilience due to desirable views, the market still underprices flood risk in some regions, leaving buyers exposed.

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