good news for the property bears, page-4

  1. 17,117 Posts.
    how about the latest scaremongering news....
    and please note...sea levels have risen 20cm over the past 100 years.....but our climate change scarey mongers...are predicting it will rise by a metre in the next few years.....
    ps anyone fooled by this.....and willing to sell....plenty of sceptics who will buyers....including self....heheheheh
    I guess it sells media...and the other con jobs doing the rounds......
    extracts only.......................
    Rising sea levels threatening homes
    Sea levels had risen along the NSW coast by more than 20 centimetres during the past century, the Liberal frontbencher said.

    "Has anyone noticed it? No, they haven't," he told reporters in Canberra on Tuesday.

    http://news.theage.com.au/breaking-news-national/rising-sea-levels-threatening-homes-20091027-hhij.html

    Planning proposal: Beachfront blitz could force you out
    By staff writers
    news.com.au
    October 27, 2009 12:00am


    Coastal properties could be confiscated
    An inquiry has looked at options to force people to move in coastal areas affected by climate...
    Views today: 0Sorry, this video is no longer available. Residents put rocks on the beach to prevent troublesome erosion / File picture
    Hundreds of thousands of buildings at risk
    Beach cop could block more developments
    Could force people out of at-risk areas
    THE Federal Government would be able to block housing developments on the beach under possible law changes, as a report warns hundreds of thousands of buildings are at risk from rising sea levels.

    While painting a bleak picture for the future of beachfront developments, potentially affecting billions of dollars worth of houses and buildings, the report opens the door to fights on the beaches between the Federal Government and local councils.

    The Commonwealth could create a body which could overrule local councils and block development or force residents out. "A Government instrument that prohibits continued occupation of the land or future building development" should be considered, it said, according to The Australian.

    An 18-month parliamentary inquiry – Managing Our Coastal Zone in a Changing Climate – has pointed to research showing Queensland faces the biggest dilemma, with up to 250,000 buildings considered vulnerable.

    60,000 SA homes threatened by sea
    Adelaide Now, 26 Oct 2009 Your Say
    There are concerns for more than 80,000 buildings on the Victorian coast, including in the Western Port region where the report estimates 18,000 properties valued at almost $2 billion are in the danger zone.

    The report suggested the Productivity Commission should start battle planning for what would happen if insurance companies suddenly refused to cover at-risk areas.

    Coast huggers

    It is estimated 80 per cent of Australia's population lives in coastal areas and 711,000 addresses lie within 3km of the coast and less than 6m above sea level.

    Expert evidence to the committee estimated one metre of sea level rise this century - the upper limit of expectations - would drive the shoreline back 50-100m, depending on local wind, wave and topographical features.

    Taking a more realistic mid-range projection of half a metre for this century, it considered shoreline recession of 25m to 50m.

    http://www.news.com.au/business/story/0,27753,26265460-462,00.html
 
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