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Coastal erosion eating away at shorelines, property and trust

Coastal erosion has the potential to knock a $5 billion hole in the Australian residential property market as storm surges, rising sea levels and shoreline movements eat away at beaches and inch towards coastal properties.

House adjoining open beach of South Narrabeen
South Narrabeen looking to Collaroy, which was named among the top ten suburbs at risk from coastal erosion (Photo courtesy of Knight Frank)

Coastal erosion has the potential to knock a $5 billion hole in the Australian residential property market as storm surges, rising sea levels and shoreline movements eat away at beaches and inch towards coastal properties.

The findings, published Monday (28 March) in CoreLogic’s inaugural Coastal Risk Scores for Financial Risk Assessment whitepaper, is intended to inform homeowners, future buyers and financial services sectors such as insurers a…