Frequency of natural disasters testing property's ability to bounce back
A question facing investors in areas subject to fire and flood is whether they are willing to accept the apparently greater risk of a higher frequency of natural disasters.
For the sodden residents in the town of Gympie, 170 kilometres north of Brisbane, there’s less concern for property prices than for whether the town centre needs to be moved in its entirety.
Trying to deal with the aftermath of their fourth major flood event in three decades, many are saying the CBD needs to be bulldozed and started again on higher ground.
From bushfires to floods, recurring natural disasters that were once described as 100-yea…