Homeowners in increasingly high-risk flood and fire zones are finding insurance out of reach, or impossible to obtain as insurers recognise the growing impact of climate change.
Who’s going to pay millions for an uninsurable property?
And will banks provide mortgages for them?
Who’s going to pay millions for an uninsurable property?
And will banks provide mortgages for them?
Comments
Look at Lismore for a start.
Some property values have gone up because that’s in line with NSW generally.
Some have not gone up as much.
Some have dropped (because clear issues) - uninsurable.
Some are just unsaleable.
Australia will have large regions un-insurable going forward.
It’s only going to get worse