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https://www.abc.net.au/news/2025-04-15/climate-change-pushing-up-insurance-risk-data-shows/105154662>
'On Furphy Avenue, old letterboxes remain on empty blocks where homes once
stood, before being washed away by flood three years ago.
At least five houses on this street have been demolished, many others are for
sale.
At number 54, all that is left of Vicki and Geoff Woodhouse’s home of 16 years
are remnants.
“The whole interconnectedness of that neighbourhood is now gone and completely
changed,” Vicki says.
“There’s a hollowness, it’s sort of almost unfamiliar for us.”
The houses here on the outskirts of Shepparton, in regional Victoria, fell
victim to the disastrous floods of 2022.
More than 4,000 homes across the state were damaged or destroyed — 900 of those
were in Shepparton.
Furphy Avenue is emblematic of the growing risk climate change is posing to
homes in suburbs across the country.
The impacts are already flowing through to home insurance, mortgages and the
entire financial sector.
This town has been described as the canary in the coal mine — what happens here
could be Australia’s blueprint for success or demise.'
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
