Climate Change Scenario Analysis News Letter
In order to fully understand and appreciate exposure to different perils, exposure needs to be modelled at a property level versus current practice of modelling at a Postcode or LGA level. Read more
Relationship Between Flood Risk (River and Surface Water), Insurance Premium and Property Prices.
Insurance premiums can vary significantly depending on properties exposure to surface and riverine flooding. We explore implications of this relationship and its impacts on property buyers and Banks funding their purchases in our paper. Read more
How does flood risk impact insurance premiums and insurance availability?
In our recent article we explored how the insurance premiums can vary significantly depending on properties exposure to surface and riverine flooding. We also explored implications of this relationship and its impacts on the property buyers and the Banks funding their purchases. Recent news article by Shepparton News explores some of these implications further through recently affected flood customers. To read the Shepparton News article click here.
Queensland Property Law Bill 2023 to prominently alert buyers to the need to undertake their own due diligence on flood information.
New legislation when approved will replace Queensland’s outdated property laws. The proposed legislation includes disclosure rules to make it easier for home buyers to know more about the property they are buying. The scheme will also prominently alert buyers to the need to undertake their own due diligence on flood information. Read more here. To conduct a flood risk search and obtain a flood risk assessment for an Australian address click here.
Navigating Future Climates: Assessing Location-Based Heat Stress at the Property Level
Introduction:
In the ever-evolving landscape of climate change, understanding the intricacies of location-based heat stress is pivotal for businesses aiming to secure the resilience of their assets. This article explores the specific temperature projections for Branyan, QLD, under the Shared Socioeconomic Pathway (SSP) scenarios, emphasizing Climate Mapping Services’ (CMS) ability to conduct granular assessments not only at the property level but also on a broader Australia-wide and global scale. Read more
Revolutionising Risk Assessment: The Shift from Postcode to Geocoordinates in Property Risk Analysis
Introduction
In the realm of real estate risk management, traditional methods have often relied on broad metrics like postcode areas to evaluate exposure and concentration risks. However, this approach often overlooks the nuances and specific risks associated with exact locations. With advancements, a more precise method has emerged, utilising geocoordinates and distance measurements between properties to provide a far more accurate assessment of risk. This article explores the advantages of this modern approach over the conventional postcode-level analysis. Read more
Acknowledgement of Country
Climate Mapping Services recognises the First Peoples of this nation and their ongoing connection to culture and country. We acknowledge First Nations peoples as the Traditional Owners, Custodians and Lore Keepers of the world’s oldest living cultures, and pay our respects to their elders – past, present and future.