Gerard Minack on Lateline, at the end mentions the Mornington peninsula could one of the hardest hit, up to 50%.
"Be nice Benny that was uploaded a while ago;
Uploaded by CadoganMarcelino on Sep 13, 2008"
My bad, I don't get out much these days!
Having said that, I think he makes some points that are still relavant today.
