spoopybeans / xhamster / Onlyfans. Climate Risk Makes Suburbs 'uninsurable' But Shepparton Offers Answers News

Monday 14 AprilMon 14 Apr 2025 at 7:14pm

A woooden mail box with the number 33 stands in the middle of an empty block — A letter box is all that remains on one of the empty blocks on Furphy Avenue.(ABC News: Jess Davis)

A street sign for Vickers St and Furphy Ave amongst the gum trees — Furphy Avenue in Shepparton, where Vicki and Geoff Woodhouse's old house once stood.(ABC News: Jess Davis)

A stone mail box sits next to a large empty pot in front of a wire fence — A wilted flower pot and the old letterbox still remain.(ABC News: Jess Davis)

A FOR SALE sign on a brown fence, along a foot path next to a suburban street — In the Woodhouses' old neighbourhood, a lot of houses are for sale.(ABC News: Jess Davis)

Seven rusty bocce balls sit on the bitumen next to a piece of wood and patio tiles — Along the street are signs of the lives left behind. (ABC News: Jess Davis)

Climate Valuation chief executive Karl Mallon at a presentation. — Climate Valuation chief executive Karl Mallon. (Supplied: Climate Alliance)

Brown flood waters are seen lapping up against a tin structure, furniture piled up under an awning — The 2022 flood waters came higher than the Woodhouses expected.(Supplied)

Inside a lounge room, water can be seen lapping over most of the floor boards. Other furniture is piled on top of the couch — Inside their home, the floors sustained significant damage.(Supplied)

The outside of a house shows flood waters covering the back patio — The patio and garden was a mess.(Supplied)

Leaves of a grapevine in the foreground with a woman and man standing together in the background. — Geoff and Vicki decided to relocate rather than rebuild. (ABC News: Jess Davis)

Some walls left standing and building rubble show the remnants of Vicki and Geoff's home — The house on Furphy Avenue was demolished.(Supplied)

A girl watches a digger demolish Vicki and Geoff Woodhouse's home behind a building fence. — The Woodhouses feel they had no other option.(Supplied)

Goal posts stick out of floodwaters next to the clubrooms on the Shepparton Swans football ground — The oval was completely submerged in 2022.(Supplied: Shepparton Swans)

An aerial view of the Shepparton Swans football grounds,,almost completely submerged in brown water — An aerial view shows the waters reached every building on the grounds.(Supplied: Shepparton Swans)

A building submerged in brown flood waters, with goal posts and trees behind — The water reached up to the windows of the club house.(Supplied: Shepparton Swans)

Image shows a man wearing a red polo shirt with a white swan emblem standing on a football oval with players in the background. — Jarrod Sutherland is president of the Shepparton Swans football club.(ABC News: Jess Davis)

An aerial view looking down on two green grassed ovals. A number of buildings and trees line the oval's perimeter. — The oval is green again, but the old facilities are still waiting to be demolished.(ABC News: Jess Davis)

Man wearing a white shirt and blue suit jacket looks to his right, there are gumtrees in the background. — Shepparton Mayor Shane Sali.(ABC News: Jess Davis)

A woman wearing a yellow shirt rides a bicycle over a bridge, on a path separated from the road — The mayor says Shepparton has been proactive about the risks facing the city.(ABC News: Jess Davis)

A river gauge near a bridge in Shepparton — The river gauges in Shepparton mark out the heights of previous major floods.(ABC News: Jess Davis)

A creek lined by trees on the outskirts of Shepparton in regional Victoria — Seven Creeks, near Furphy Avenue.(ABC News: Jess Davis)

A man looks at two computer screens, the left shows a colour-coded map showing flood risk — Joel Leister looks at flood mapping for the area around Furphy Avenue, in Kialla.(ABC News: Jess Davis)

A close-up shows a person's finger pointing to a house on an aerial picture that shows flooding in Benalla, 1993 — Aerial maps show the flooding around Benalla in 1993.(ABC News: Jess Davis)

A man wearing blue polo shirt sits on a couch with hands clasped, looking at a map on the coffee table in front — Leister says there will come a point in time where existing houses fall below future flood levels.(ABC News: Jess Davis)

A woman wearing dark coloured clothing and a hat leans over a flower bed in a backyard garden — Vicki and Geoff Woodhouse are settling into life in their new home.(ABC News: Jess Davis)

A bee rests above bright yellow stamen on a flower with pink petals and a green stem. — A bee hovers over a flower in Geoff and Vicki Woodhouse's Shepparton garden.(ABC News: Jess Davis)

a man wearing a paisley shirt holding a cup sits on a bench outside next to a woman wearing a dark coloured shirt. — But Geoff and Vicki Woodhouse count themselves lucky they were able to buy a new home.(ABC News: Jess Davis)

This data set was commissioned by the Climate Council, an independent, community-funded organisation that advocates for climate change solutions. It was compiled by Climate Valuation, a private company that provides risk analysis to property owners. Its report analyses and maps the risk of uninsurability as a result of climate-related damage, not the direct risk of climate-related damage to individual properties.
For this data set, it is assumed that a standard modern dwelling is located at each address — a single-storey detached house. The vulnerability of property to climate-related hazards is calculated based on standard design and materials specifications including: standard fire protection, floors 50cm above ground level, and ability to withstand 42C heat thresholds and 1-in-500-year winds.
The risk of extreme weather is based on climate change models from agencies including CSIRO, the University of NSW, NASA and the National Oceanic and Atmospheric Administration. The Climate Valuation data set breaks down risk from riverine flooding, surface water flooding, bushfire, coastal inundation, tropical cyclone and extreme wind, as well as total risk.
To predict future scenarios, Climate Valuation applies Representative Concentration Pathways (which predict how the concentration of greenhouse gases in the air may change), and Shared Socioeconomic Pathways (which look at how demographics and economics may affect emissions). Its report mapped three scenarios standard to industry modelling — high emissions or "business as usual", medium emissions and low emissions.
The metric used by Climate Valuation to measure physical climate risk to individual properties is called Maximum-to-Date Value-at-Risk (MVAR). It looks at the annual risk of damage to an asset and the costs relative to the replacement cost of the building. For example, an MVAR of 1 per cent is equivalent to climate-related damage costs of $4,000 per year for a building that costs $400,000.
Climate Valuation uses MVAR to categorise properties as high, moderate or low risk. "High risk" properties are those with an MVAR of 1 per cent or more, and "moderate risk" properties are those with an MVAR of 0.2 per cent to 1 per cent. Both are defined having a "significant risk of insurance becoming unaffordable or withdrawn entirely due to the high risk of damage from extreme weather".
Climate Valuation has defined its 86 "critical climate risk zones" as those where 80 per cent or more of the properties in an area have been categorised as "high risk" and where there are more than 100 properties.
For more on the methodology, read the full report.