CLICK ON AN IMAGE TO ENLARGE
Risk is a very subjective thing that is until you try to ensure against it. Launceston Council in regard to 'the spectre of the flood'. Likewise land's value is mitigated by risks attached to it. This too is subjective!
Before there is the spectre of the '100 YEAR FLOOD" there is a certain paranoia about 'flooding' in Launceston. If the RISK is real it impacts on VALUE. In Launceston, as in any city, value is volatile. Tone down the flood risk and values go up, invoke the risk value will subside in alignment of the perceive risk. Think about ANY site in Launceston's FLOOD ZONE and 'the flood' impacts on value.
This is well know and one should be able to presume, well understood.
However when the spectre of the 100 YEAR FLOOD and the projected sea level's impact on the FLOOD RISK its hard to imagine how land values in FLOOD ZONES anywhere are not going to be volatile.
This must be known and considered. If its NOT you have to wonder why!
Click here to read what people think about flooding and climate change in Tasmania
No comments:
Post a Comment