A report has found that extreme weather could wipe $571 billion off Australia's property market by 2030 unless immediate action is taken to address climate change.
The Climate Council report also found the risk for Queensland was double that of other states and territories, with the Gold Coast, Ipswich and the Sunshine Coast local government areas being identified as facing some of the highest risk to extreme weather and climate change, as one in 19 property owners face nearly unaffordable home insurance premiums by 2030 as a result.
Agriculture and food production is also affected by extreme weather events caused by climate change, like heat waves and flooding.