ABC News: Flooding across eastern Australia prompts property investors to ask ‘pertinent’ questions

Published on

March 14, 2022

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Read the full article on ABC News Australia.

Climate risk analyst and the chief executive officer of firm Climate Valuation, Karl Mallon, said with extreme weather events becoming more frequent, "savvy buyers" were now "starting to ask quite pertinent questions".

"What we're finding is that your millennial homebuyers are now climate aware," he said.

"They want to understand the climate change impacts on a property, whether that's flooding, sea-level rise, forest fire."

Mr Mallon said buyers concerned about natural disasters should ask certain questions.

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"Is it in a flood plain? What return frequency is the flood? Is the building elevated above the ground? When was it built? Was it built to a building standard, say before 1990? Or after 2000?" he said."With that kind of information, you can make a very good assessment of the resilience of the building."