Long term investing and climate change

Discussion in 'Investment Strategy' started by spludgey, 6th Dec, 2019.

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  1. spludgey

    spludgey Well-Known Member

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    Please, let's not make this another thread on whether climate change is real or not.
    If you don't believe it's real, please keep it to yourself, or tell Alan Jones.

    I've been thinking about this a bit.

    In 30 years, climate change is quite likely to have changed the livability of our cities.

    So have you considered this at all? I'm seriously thinking of buying a large lot in Tasmania that's somewhat elevated in the next 10 years.

    What are your plans, or am I the only person already looking at this?
     
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  2. Phar Lap

    Phar Lap Well-Known Member

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    Climate change is real. happening all the time for millenia.
    Wont make a dash of difference to me where I invest so long as the usual fundamentals check out. Location location location. Tas is a bit far away for me.
     
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  3. Phar Lap

    Phar Lap Well-Known Member

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    Im trying to think in what ways livability will be changed in just 30 years? Can you give some examples please?
     
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  4. hammer

    hammer Well-Known Member

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    It does for me. Not to the same extent that you're talking about but it is definitely a consideration.

    I check all the storm surge, rivers, flood zones thoroughly before buying.

    Always try and buy on a hill and buy something strong.
     
  5. Phar Lap

    Phar Lap Well-Known Member

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    Those parameters are a given for me climate change or not.
    Besides, I love a good view!

    Still trying to think what changes to livability would be in cities???
     
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  6. The Y-man

    The Y-man Moderator Staff Member

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    Things like (possibly) a warmer, wetter Melbourne, but drier hotter Brissy. Bigger storms and mega-cyclones (and associated flooding) in the tropics and sub-tropics ~~ so it may be possible to get a cyclone in Syd for example.

    The Y-man
     
  7. See Change

    See Change Well-Known Member

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    When we bought our waterfront weekender 7 years ago , we didn't buy the low lying one that was probably only 1 m above king high tide . We bought the one on a rocky foreshore that is probably 15 m above king high tide .

    It was a consideration

    Cliff
     
  8. spludgey

    spludgey Well-Known Member

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    Sure!
    Weather extremes are likely to increase. Droughts are likely to become more frequent in parts of the country.

    Looking at the current bushfires for example, not only are they scary, they'be made much of Sydney and surrounds unlivable for the past couple of weeks.

    But what actually got me across the line to post this thread was the ABC climate "quiz":h //mobile.abc.net.au/news/2019-12-06/how-climate-change-has-impacted-your-life/11766018
     
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  9. The Y-man

    The Y-man Moderator Staff Member

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    Incidentally.... our PPOR just got rezoned into a bushfire zone.... :oops:

    The Y-man
     
  10. Silverghost

    Silverghost Active Member

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    Interesting. Which part of Melbourne are you in Y-man?
     
  11. The Y-man

    The Y-man Moderator Staff Member

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    We are near the Mullum Mullum Creek - they have widened the zones surrounding the creek as being bushfire prone.

    The Y-man
     
  12. Kelvin Cunnington

    Kelvin Cunnington Well-Known Member

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    Lol.
    Donvale used to be horse paddocks, apple orchards and forests and the odd house dotted here and there.
    It was more likely a bushfire zone when I lived near there back in the late 70's, than today.
     
  13. Kelvin Cunnington

    Kelvin Cunnington Well-Known Member

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    I think they were all deliberately lit.
    Long term investment - don't buy near forests.
     
  14. Redwing

    Redwing Well-Known Member

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  15. Phar Lap

    Phar Lap Well-Known Member

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    A sensible one at that!
     
  16. Phar Lap

    Phar Lap Well-Known Member

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    Our place was already zoned bushfire risk when we bought!
    But we have plenty of space clear around the buildings which would not see fire ball type threat. The grass we keep low at all times. We have planned against fire threat. Bushfire zones do not mean your house will burn.
    The liveability of our place is perfect for us and won’t change at all.
     
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  17. spludgey

    spludgey Well-Known Member

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    6f22f28e6303e8ca0a0a5f2b96beb51f509cc896.jpg

    Air quality is much worse in Sydney than it has been in previous years. I believe that I read that it's three times as bad.
     
    Last edited by a moderator: 8th Dec, 2019
  18. Phar Lap

    Phar Lap Well-Known Member

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    That’s not because of climate change. That’s bushfires smoke!
    If backburning was allowed in the off seasons these fires would never have been near as bad. It’s as simple as that.
     
    Last edited by a moderator: 8th Dec, 2019
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  19. Phar Lap

    Phar Lap Well-Known Member

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    Tell them to move to Tasmania, oh wait, there are bushfires there too and high up places too!
     
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  20. Kelvin Cunnington

    Kelvin Cunnington Well-Known Member

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    Yes, I read that too;
    https://www.smh.com.au/environment/...s-spike-in-sydney-s-west-20190412-p51dpa.html
    I remember this same exact view of the sky over Doncaster during the Ash Wednesday fires in 1983.
    Would that pic you posted of Sydney be due to smoke from recent fires?
     
    Last edited by a moderator: 8th Dec, 2019