adventra just looking into cyclone lary now..2006: during the...

adventra just looking into cyclone lary now..
2006: during the housing boom
9000 population
people are use to cyclones every couple of years..

2011: property prices already sky high
brisbane population: 1 800 000? with apparently 40 000 houses affected by the floods.. on realestate.com 72000 houses for sale in qld, couldnt find the brisbane number?

people here are used to "the perfect life"
no one thought their place could flood. i imagine the flooded houses if they go to market would sell for a discount although i dont know who would buy unless extremely discounted.

for house prices to rise their has to be alot of buyers flooding the market.. ie from the floods.

how many were actually fully insured?? i have a feeling a lot more were uninsured then insured so some have basically lost everything and have to start again.

if they do buy they would prolly pump up the cheaper houses but could they even afford that???

i see the point you make, doesnt click with me... but we will see what happens

thoughts? what have i missed? happy to be informed :>


on another note.. if the water rose another metre or 2 would the affected houses reach 80 000? could we see brisbane split in 2...discounted potential flood houses and the usual bubble house?