I'll tell you the next suburbs to go, Brisbane property that is not flood effected. It worked a treat in Innisfail after cyclone Larry where property went up and has remained up 100%.
Tennants will have to find new property to rent, all the tradesmen heading to the area will need property to rent, and buyers will avoid the 20000 homes flood effected and head for the higher drier property. This will take many properties off the market and there will no doubt be people who like Brisbane and decide to stay, especially considering there is years of rebuilding work.
Demand will skyrocket and you watch rents and property move substantially higher as a result.
