The good news is that extreme weather-resilient buildings are already possible and can prevent further damage to the environment and the economy, despite existing houses remaining at risk.Ī good example of extreme weather design working well is the updated Northern Territory building regulations following Cyclone Tracy in 1974, which caused 65 deaths and damaged 70 per cent of Darwin homes.Įncouragingly, more recent cyclones Vance (1999), Larry (2006) and Yasi (2011) showed that updated regulations and standards resulted in much less building damage and consequent loss of life. Protecting our buildings against extreme weather The Climate Council also estimates that by 2030, one in every 25 properties across Australia will be considered ‘high risk’, meaning they will be uninsurable due to the annual damage costs from extreme weather eventsĪll of this leaves homeowners at increasing risk. These events increase the risk to lenders, with the Commonwealth Bank Climate Report 2022 identifying more than $AU 31 billion of home loans are in areas exposed to increasing extreme weather.
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