risk reward, page-5

As time goes on it is going to get much more difficult to get approvals in an area such as Point Grey.

WA is now facing strict planning and environmental approvals for development in areas at risk from fire. The same applies for areas subject to flood over east and also in WA. Insurance costs are going through the roof in these areas.

Given the way the Mandurah area has been hit by recent storms and the coastal areas generally, it would seem that there has to be much stricter building controls which are going to price areas such as PG out of reach for a lot of people. Given that it is a fair way from infrastructure as well at the moment, this is going to make this a high cost place to develop and live.