A Stuff article.
Kiwis are throwing caution to the wind, and the waves, as they continue to snap up coastal properties that face severe risks from rising sea levels.
Part of the problem is that it’s hard to price in a risk that may be decades away.
In flood-prone South Dunedin, buyers are pushing up prices despite the area’s well-publicised risks.
After flooding in 2015, Environment Commissioner Dr Jan Wright released a report noting that in Dunedin there were more homes less than 50 centimetres above the high tide mark than any other New Zealand city.
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