One in every 25 Australian homes could be uninsurable by 2030: report
Posted On May 2, 2022
The Climate Council is warning one in every 25 Australian homes will be uninsurable by 2030 due to worsening weather.
Climate Council found as extreme weather events increase, so does the risk of damage and maintenance causing premiums to become too expensive.
These include Brisbane, Maranoa, Moncrieff, Wright and Griffith.
The report predicts around one in every seven properties in these at-risk electorates will be uninsurable this decade.
The report has also predicted the percentage of properties that will be uninsurable by 2030 in each state and territory.
Queensland is at the greatest risk at 6.5 per cent, followed by NSW at 3.3 per cent and South Australia at 3.2 per cent.