Floods have devalued Australian homes by $42bn. Experts say that’s the cost of ‘a changing climate’. Of the 2m flood-prone houses across the country, at least 70% have had values reduced, a new report by Climate Council and PropTrack has found.

Floods have devalued Australian homes by $42bn. Experts say that’s the cost of ‘a changing climate’. Of the 2m flood-prone houses across the country, at least 70% have had values reduced, a new report by Climate Council and PropTrack has found.

https://www.theguardian.com/australia-news/2025/oct/22/floods-have-devalued-australian-homes-by-42bn-experts-say-thats-the-cost-of-a-changing-climate

by The_Weekend_Baker