Story thread · 2 reports / 1 sources

High-end home values fall; costs of sea level rise revealed; and is AI coming for humans?

theguardian.com · 5dShare

Want to get this in your inbox every weekday? Sign up for the Morning Mail here , and finish your day with our Politics, really newsletter . Good morning. Amid the gloom over the property market downturn across Australia, new figures reveal that it is the more high-end houses being hit worst – down more than 10% from their peaks in some cities. A new report has projected staggering economic losses to be felt across Australia by the end of the century due to coastal flooding as rising sea levels cause “safe land” to vanish amid a worsening climate crisis. ‘Less and less viable’ | The Climate Council forecasts that more than 267,000 coastal properties will be damaged by flooding by 2100 as Australia’s sea levels rise, costing hundreds of billions of dollars . A mixed bag | High-end homes are recording steep price falls , while more affordable properties are proving resilient, leaving Australians to experience the real estate downturn in very different ways. Renters warned | So-called “Re

First report: High-end property hit by steepest price falls as affordable end of Australia’s housing market proves resilient — theguardian.com, 5d