One in four homes in Nicholls will be uninsurable

By Adair Winder

May 7, 2022

Climate concerns: A detailed analysis from the Climate Council has found that one in four homes within the Nicholls electorate will effectively be uninsurable by 2030, due to rising risks of extreme weather and climate change. Photographed is the 2011 Echuca floods. Photo by Ivy Jensen

A detailed analysis from the Climate Council has found that one in four homes in the Nicholls electorate will effectively be uninsurable by 2030, due to rising risks of extreme weather and climate change.

Hold tight - we’re checking permissions before loading more content

Nicholls has been identified as having the most at-risk homes to climate change in Australia, with the report finding that in Shepparton alone, almost 90 per cent of properties will be uninsurable by 2030.

One of the key findings of the analysis is that riverine flooding poses the biggest risk to properties.

Of the properties classified as ‘high risk’ by 2030, the majority (80 percent) of that risk, is due to riverine flooding.

The Climate Council has launched a cutting edge digital climate-risk map, which presents the data for each electorate within Australia.

“We’ve analysed the impacts of climate hazards on 14 million Australian addresses,” Climate Valuation chief executive Dr Karl Mallon said.

“We have created a national map representing the physical risks that extreme weather and climate change pose to homes around the country, over the next decade, and into the future.”

The climate-risk map can be viewed at https://www.climatecouncil.org.au/resources/climate-risk-map/

Nicholls, Victoria: 27 per cent or 25,801 properties.

Richmond, NSW: 20 per cent or 22,274 properties.

Maranoa, Queensland: 15 per cent or 9551 properties.

Moncrieff, Queensland: 14 per cent or 18,032 properties.

Wright, Queensland: 14 per cent or 12,140 properties.

Brisbane, Queensland: 13 per cent or 19,355 properties.

Griffith, Queensland: 13 per cent or 14,812 properties.

Indi, Victoria: 11 per cent or 11,215 properties.

Page, NSW: 11 per cent or 11,691 properties.

Hindmarsh, South Australia: 11 per cent or 10,775 properties.

By Adair Winder