Rising temperatures are proving a disruptive force to town planning, creating affordability pressures and increasing insurance costs.<\/p>\n
Cooling Western Sydney has become a major planning focus<\/span><\/h2>\nWestern Sydney is undergoing unprecedented development and transformation, reflecting the vast size and population growth of the region.<\/p>\n
![\"Warming](\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/03\/warming-climate-300x200.jpg\")
However, Western Sydney is also getting hotter.<\/p>\n
Data from the Australian Bureau of Meteorology shows the mean of maximum daily temperatures each month is rising.<\/p>\n
The dataset below shows this across summer months from data collected at the Penrith Lakes weather station.<\/p>\n
Of the 24 years covered in this back series, a majority of temperatures at the 95th percentile or higher are concentrated in the past 6 years.<\/p>\n
Climate projections reported by the Australia institute <\/a>projected that by 2030, Penrith could see 22 days of the year where temperatures surpass 35\u02daC.<\/p>\nMeanwhile, the eastern suburbs of Sydney are expected to remain relatively cool, with just 7 of these days projected in Coogee.<\/p>\n
![\"S1\"](\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/03\/s1-1160x562.jpg\")
<\/p>\n
Reducing thermal discomfort is an increasing focus for urban planners.<\/p>\n
<\/div>Water technologies, tree canopy and the use of cool materials are demonstrably effective.<\/p>\nBut some of these heat management methods don\u2019t mix well with the development in Western Sydney.<\/p>\n
The construction of the Western Sydney airport for example, will require some level of mitigation for bird and bat strike, including limiting the amount of trees within a certain radius of the airport.<\/p>\n
These complexities increase the challenge that rising temperatures place on the ambitious developments for Western Sydney.<\/p>\n
Tasmania is becoming a climate refuge<\/span><\/h2>\nTasmanian dwelling market growth has been the best in the country when considering annualised capital gains in the past 5 years, providing 6.6% in capital returns each year.<\/p>\n
While there are many reasons for the high growth, including increased tourism, a Launceston City Deal <\/a>and growth coming off a relatively low base, climate change could be another driver.<\/p>\nResearch in 2019 led by Nick Osbaldiston at James Cook University in Cairns, found climate and environment as the top reasons for those who had migrated, or considered migration, to Tasmania.<\/p>\n
Of 329 survey respondents, over 225 acknowledged climate and weather as a motivation for migrating to the state.<\/p>\n
![\"Burnie](\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2017\/08\/burnie-140540_1920-300x193.jpg\")
<\/p>\n
While interstate migration has added demand to the dwelling market, it has also eroded housing affordability.<\/p>\n
Hobart had the worst rental affordability, and the third highest value to income ratio, of the capital city markets at September 2019.<\/p>\n
As the mainland heats up, climate refuge areas such as Tasmania could be increasingly dominated by those with higher means, crowding out those on lower incomes who are often employed in local essential service industries.<\/p>\n
Insurance premiums may be slowing growth in high risk areas, particularly for units<\/span><\/h2>\nInsurance premiums can be an exorbitant cost for home owners in areas at risk of flood, fire and severe storms.<\/p>\n
Climate change increases the severity and frequency of extreme weather events, meaning more Australians could be hit with rising insurance premiums in severe weather prone areas.<\/p>\n
However, Western Sydney is also getting hotter.<\/p>\nMeanwhile, the eastern suburbs of Sydney are expected to remain relatively cool, with just 7 of these days projected in Coogee.<\/p>\n
<\/p>\n
Reducing thermal discomfort is an increasing focus for urban planners.<\/p>\n
But some of these heat management methods don\u2019t mix well with the development in Western Sydney.<\/p>\n
The construction of the Western Sydney airport for example, will require some level of mitigation for bird and bat strike, including limiting the amount of trees within a certain radius of the airport.<\/p>\n
These complexities increase the challenge that rising temperatures place on the ambitious developments for Western Sydney.<\/p>\n
Tasmania is becoming a climate refuge<\/span><\/h2>\nTasmanian dwelling market growth has been the best in the country when considering annualised capital gains in the past 5 years, providing 6.6% in capital returns each year.<\/p>\n
While there are many reasons for the high growth, including increased tourism, a Launceston City Deal <\/a>and growth coming off a relatively low base, climate change could be another driver.<\/p>\nResearch in 2019 led by Nick Osbaldiston at James Cook University in Cairns, found climate and environment as the top reasons for those who had migrated, or considered migration, to Tasmania.<\/p>\n
Of 329 survey respondents, over 225 acknowledged climate and weather as a motivation for migrating to the state.<\/p>\n
<\/p>\n
While interstate migration has added demand to the dwelling market, it has also eroded housing affordability.<\/p>\n
Hobart had the worst rental affordability, and the third highest value to income ratio, of the capital city markets at September 2019.<\/p>\n
As the mainland heats up, climate refuge areas such as Tasmania could be increasingly dominated by those with higher means, crowding out those on lower incomes who are often employed in local essential service industries.<\/p>\n
Insurance premiums may be slowing growth in high risk areas, particularly for units<\/span><\/h2>\nInsurance premiums can be an exorbitant cost for home owners in areas at risk of flood, fire and severe storms.<\/p>\n
Climate change increases the severity and frequency of extreme weather events, meaning more Australians could be hit with rising insurance premiums in severe weather prone areas.<\/p>\n
Research in 2019 led by Nick Osbaldiston at James Cook University in Cairns, found climate and environment as the top reasons for those who had migrated, or considered migration, to Tasmania.<\/p>\n
Of 329 survey respondents, over 225 acknowledged climate and weather as a motivation for migrating to the state.<\/p>\n
<\/p>\n
While interstate migration has added demand to the dwelling market, it has also eroded housing affordability.<\/p>\n
Hobart had the worst rental affordability, and the third highest value to income ratio, of the capital city markets at September 2019.<\/p>\n
As the mainland heats up, climate refuge areas such as Tasmania could be increasingly dominated by those with higher means, crowding out those on lower incomes who are often employed in local essential service industries.<\/p>\n
![\"Fire\"](\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/03\/fire-300x207.jpg\")
<\/p>\n