A new report has revealed the 86 suburbs across Australia where more than 80 per cent of properties could soon become impossible to insure.
The suburbs are currently considered 'high risk' of becoming unaffordable or uninsurable due to the risk of climate-related damage.
Climate change and its impact on Australian communities is becoming increasingly apparent due to extreme weather events.
The data, commissioned by the Climate Council and Climate Valuation, has labelled several areas across Australia as 'Critical Climate Risk Zones'.
When extreme weather events, including flooding, tropical cyclones and bushfires, hit these areas, the level of damage to infrastructure including homes, schools, businesses, and health facilities is likely to be severe.
Climate Valuation looks at the costs of predicted extreme weather damage relative to the replacement cost of the average home.
Almost half of the 86 suburbs were in New South Wales.
The data lists 42 NSW suburbs, such as Ballina near Byron Bay, where 99.03 per cent of the 8,910 properties located there are high risk.
Forest Fire Management Victoria at the Bayindeen bushfire in February, 2024 (pictured)
Flooding in Newmarket, Brisbane, after a tropical cyclone rocked the region in March (pictured)
CEO of Climate Valuation (part of The Climate Risk Group), Dr Karl Mallon told Daily Mail Australia climate change is 'threatening entire communities'.
'Our data draws on 15million commercial and residential properties in over 15,000 A...
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