Coastal erosion will pose a severe risk over the next 30 years to almost double the number of NSW homes now under threat, according to a study of climate outlooks and their impact on properties.
The investigation “shaped” the current and future risk profile of NSW homes from coastal erosion, fires and floods.
The scientific modelling, from British-based global climate analysts Groundsure, reveals thousands of NSW homeowners and investors face severe consequences to land values, zoning restrictions, and insurance premiums because of the possibility of increased erosion, fire and flood threats driven by climate change.
The number of homes at risk from coastal erosion in Sydney is set to rise from 937 now to 1387 by 2050, though the midnorth the coast is where the risk is set to increase the most.
The entire article from the Daily Telegraph can be read here.
