New data reveals Cairns is one of Queensland’s worst-affected regions when it comes to property value losses driven by flood risk.
The latest PropTrack–Climate Council Property Value Flood Risk Report shows flood-prone homes in Queensland are collectively worth $19 billion less than they would be without flood risk.
Cairns stands out for the scale of its losses relative to total market value, as repeated flooding and rising water levels continue to weigh on long-term property prices.
Across Australia, one in six homes faces some level of flood risk, with Queensland accounting for 40% of all at-risk properties. Cairns remain among those most vulnerable to value erosion, highlighting the growing financial toll of climate risk on Far North Queensland’s housing market.
