Flooding like the one in the Hawkesbury !

I was wondering what people’s thoughts are on this topic. During the Hawkesbury River flooding recently low lying areas around Penrith, Richmond and Windsor were flooded but also people who lived on the Western side In Nth Richmond, kurrajong, Glossodia and Wilberforve became isolated. The shops became empty and you couldn’t go to work or get to a hospital unless you were put on a helicopter. This lasted 7 days before the bridge was functional again.
Two weeks later the river is brown in colour and there is a pungent smell from the mud and the mosquitos are coming.
There are many other areas up and down the east coast that are near rivers and or have one road in and out of the area which I guess makes these areas susceptible to issues including even bush fires.
What do you think about the short to medium effects of flooding risk on the property markets located in these areas. Have you changed your view about living or even investing in these areas. For example many people are buying down the south coast in the Shoalhaven Region but if the Nowra Bridge floods well you are stuffed fur a while.

 

The flooding would be factored in the price. Take the suburb of Carramar 2163. It floods and the properties nearby are quite cheap as a result. People still invest and live there.