Australian property investors seeking to purchase more houses or apartments may want to turn their attentions inland.
The government's department for climate change and energy efficiency has produced maps that show the future impact that climate change could have on the coastal areas of the country.
Greg Combet, minister for climate change and energy efficiency, said that low-lying areas need to prepare for the possibility of erosion and sea inundation.
He said that parts of Melbourne, Sydney, Perth and the Hunter Valley in New South Wales could be affected in the future.
"The maps provide useful initial information to decision-makers to prepare for potential risks from rising sea levels in coastal areas," Mr Combet noted.
He went on to say that decisions were being made each day on new housing developments and infrastructure in coastal areas.
Last month, Australia's property hotspots were revealed in a new report by international property advisors DTZ.
It showed that retail property on the Gold Coast was doing particularly well.
Posted by Ravin Chatlani
