The Exposure Of Australia’s Housing Stock To Climate Risks
Authors
- Trinh Le
- Daniel Melser
- Ummul Ruthbah
Abstract
Climate change has exerted a significant influence on the intensity and frequency of extreme weather events impacting Australia. This has considerable implications for various sectors, including the housing market. Utilizing data pertaining to the estimated occurrence of climatic hazards—including cyclones, fires, floods, and droughts—we scrutinize the susceptibility of Australia's aggregate of dwellings to such incidents. By combining climate risk data at the postcode level with data derived from the 2006, 2011, 2016, and 2021 censuses, our investigation focuses on three primary aspects. Firstly, the geographical dispersion of vulnerability to extreme weather events. Secondly, the extent to which the positioning of newly constructed residences throughout this interval has augmented or diminished the vulnerability of the housing inventory. Lastly, the historical trajectory of climate susceptibility and the manner in which it will progress towards 2050.