Australia is no stranger to extreme weather conditions, and this week’s announcement from the Australian Bureau of Meteorology regarding the onset of an El Nino weather phase has raised concerns across the nation. The outlook regarding Australia's climate future and the threat of bushfires is alarming. With clients being your primary focus, gain a competitive edge by providing them more data about climate risks impacting their property purchases.
The El Nino challenge
The Australian Bureau of Meteorology's warning is clear: this summer is expected to be hotter than average and significantly warmer than the past three. While this might sound like a welcome relief from the excessive rain and flooding experienced in previous years, it comes with its own set of challenges that could prove catastrophic.
El Nino weather patterns bring hot and dry conditions. Unfortunately, this means an elevated risk of bushfires. As we move deeper into this El Nino phase, the nation is already feeling the heat. New South Wales has witnessed consecutive days of temperatures exceeding 30 degrees Celsius during spring, setting the stage for a potentially disastrous fire season.
The consequences of this heightened fire risk are already evident. Schools on the New South Wales South Coast have been forced to close due to the risk, and the Hunter Region has already experienced a large bushfire. The Greater Sydney Region has also experienced its first total fire ban in three years. The numbers are equally alarming, with 59 fires currently burning across the state. It's a stark reminder that bushfires are not just a seasonal concern but a year-round threat in Australia.
Offer more and gain a competitive advantage
For lawyers and conveyancers, ensuring clients are informed about climate-related risks is a crucial aspect of your duty of care. Property transactions, purchases in particular, should consider current and future climate risks that can impact the properties being bought, and InfoTrack offers you a market leading solution, giving you a competitive advantage.
The Groundsure ClimateIndex™ Report offers a solution tailored to conveyancers and property lawyers. It is the first residential report designed specifically for property due diligence, providing insights into current and future climate risks including bushfires, floods, and coastal erosion. By incorporating this report into your property transactions, you can offer your clients more, keeping them front of mind. Book a demonstration to learn more today.
