Home buyers in Australia and New Zealand inching more towards climate risks

Policymakers, researchers, and property experts caution that home buyers in Australia and New Zealand are overlooking the risks of climate change as they gravitate towards coastal or bushland lifestyles or aim to enter the property market.

According to climate risk specialist XDI, natural disasters could potentially reduce Australia’s housing market by around A$800 billion by 2030, which equates to approximately 6.7% of its total value, as reported by Reuters.