Skip to content
Property Real Estate

REVEALED: PROPERTIES IN NATURE’S FIRING LINE

The Australian Conveyancer - Powered by triSearch 2 mins read

A 30-year climate outlook exclusively commissioned by The Australian Conveyancer magazine exposes threats to thousands of properties in NSW and suggests owners will be impacted by land valuation, zoning restrictions and insurance premiums.

The Australian Conveyancer Magazine’s February edition unpacks the implications for owners, investors and the property industry in a 20-page spotlight report.

The digital magazine can be viewed here:

https://issuu.com/trisearch/docs/australian_conveyancer_edition_6_for_online?fr=sYzhmODY1Mzk3OTI

Scientific modelling from Groundsure’s ClimateIndex details the regions more affected by lightning strikes and bushfires in the next three decades; shows how some current flood zones will worsen; and why more beach-side properties will suffer severe erosion.

It says, the impact on safety, development planning, land values and compliance is real:

  • It claims that 40 per cent of all properties in NSW are now at moderate to high risk of flooding.
  • The risk of catastrophic loss, both financially and physically, will drive up insurance premiums.

The report also draws attention to the state’s experience of catastrophic events during the past five years:

  • NSW’s so-called Black Summer bushfires of 2029-20 cost $4.9 billion.
  • Insurers have paid our $13 billion in climate-related claims in NSW.
  • The combined value of coastal properties exposed to coastal erosion damage is $25 billion.

Detailed mapping shows the extent of the risk but also provides relief to some property owners and investors.

  • Some suburbs and land lots will see reductions in risk from the elements due to favourable weather forecasts.
  • Some regions will see no change at all. But for many, the situation will worsen during the next 30 years.

The digital magazine can be viewed here:

https://issuu.com/trisearch/docs/australian_conveyancer_edition_6_for_online?fr=sYzhmODY1Mzk3OTI


Key Facts:
  • 40 per cent of all properties in NSW are now at moderate to high risk of flooding.
  • The risk of catastrophic loss, both financially and physically, will drive up insurance premiums.
  • NSW’s so-called Black Summer bushfires of 2029-20 cost $4.9 billion.
  • Insurers have paid our $13 billion in climate-related claims in NSW.
  • The combined value of coastal properties exposed to coastal erosion damage is $25 billion.
  • Some suburbs and land lots will see reductions in risk from the elements due to favourable weather forecasts.
  • Some regions will see no change at all. But for many, the situation will worsen during the next 30 years.

About us:

About triSearch: 

triSearch is a SaaS business committed to creating time for conveyancers through innovative technology solutions.  

  

It is our mission to build a more efficient conveyancing industry to speed up the sale and purchase of homes in Australia. Operating nationally, we provide end-to-end technology to improve workflows and create a seamless experience for conveyancers, and their clients.


Contact details:

Chris Gibbs, CEO of triSearch: 

T: 0412 080 712

W: trisearch.com.au

Bio: Chris is an innovative, resilient, and results-driven CEO and General Manager with 25+ years of leadership experience encompassing Cyber security and Cloud services. Chris has experience across Sales and Marketing Strategy, Business Development, Account Strategy, Software-as-a-Service, Media, telecommunications, banking and finance, retail and manufacturing

More from this category

  • Property Real Estate
  • 24/04/2024
  • 07:55
Webtron

It’s all systems go for VR Real Estate Auctions this weekend. Another Webtron industry 1st.

Melbourne, 27.04.2024 –Ray White Cheltenham, in collaboration with Webtron Online Auction Software, is hosting a world real-estate auction first this Saturday 11am April 27 in Elwood, Victoria. WHO:Ray White Cheltenham master auctioneer Greg Brydon. Furthermore Greg is the 2023 REIV & Ray White Australian Auctioneer of the Year and will be donning the goggles to call this historic real estate event. It’s going to be an amazing event , no turning back for the industry. WHAT:Australian and world first. Greg will call the first ever property auction using cutting-edge ‘virtual reality’ goggles, with the technology designed in Melbourne. WHEN:The converted…

  • Political, Property Real Estate
  • 24/04/2024
  • 07:35
Homelessness NSW

New data reveals NSW social housing waitlist blowout

Media release | Wednesday, April 24 2024 A fresh analysis by Homelessness NSW reveals where people are waiting the longest for social housing, sparking calls to double the supply of social homes and boost services funding. New government data shows progress to reduce the social housing waitlist is stalling. By the end of March, there were 57,401 households on the waitlist across NSW, including 8,657 on the priority waitlist. An analysis by Homelessness NSW shows median wait times rising to five-and-a-half years (66.5 months) in northern NSW in the first three months of the year. People in Illawarra can expect…

  • Property Real Estate
  • 24/04/2024
  • 05:00
Suburbtrends

Suburbtrends Rental Rewind: 3 Years of Vanishing Affordable Rentals

Media ReleaseFor Immediate ReleaseDate: April 24, 2024 Suburbtrends Rental Rewind: 3 Years of Vanishing Affordable Rentals Recent analysis by Suburbtrends, reveals a sharp decline…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.