u/shavedratscrotum

Is anyone else curious that new Flood mapping drops.

Houses throughout multiple LGA in SEQ now have insurance costs 10-20k+ a year and house values haven't tanked at all.

On the opposite side.

My house doesn't flood on the new mapping and insurance is $2500 a year for a similar property.

Yet houses 4m below the flood level are selling for 90-95% of those that don't.

It's also not a selling point in any of the hundreds of listings I checked.

Is this just REAs being ignorant or absolutely shit scared they're going to devalue a large portion of their stock?

Interested in some other perspectives as every week or two our suburb and surrounding ones record is broken for house prices and every single house is in the flood zone.