NSW fires

Discussion in 'Property Market Economics' started by Kangabanga, 11th Nov, 2019.

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  1. Kangabanga

    Kangabanga Well-Known Member

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    Will the ongoing bush fires impact sydney property market?
     
  2. marmot

    marmot Well-Known Member

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    If things got real bad , it might have a big impact on immigration.
     
  3. Propertunity

    Propertunity Well-Known Member

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    No.
     
  4. George Smiley

    George Smiley Well-Known Member

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    Unfortunately a warming climate means we'll see drier winters and longer summers contributing to longer bushfire seasons. Don't see Sydney markets being impacted but going forward it may be more a consideration for other NSW markets though changes to backburning and forest management around residential areas will be key here.

    Map in this SMH article shows the most at risk postcodes in Sydney-
    https://www.smh.com.au/national/nsw...eveal-fire-zone-hotspots-20191111-p539gv.html
     
    Last edited: 12th Nov, 2019
  5. Kangabanga

    Kangabanga Well-Known Member

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    Live in brissy and we have been having some haze, yesterday was particularly bad. Is sydney not affected by haze?
     
  6. Scott No Mates

    Scott No Mates Well-Known Member

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    I didn't realise that property investors participated in hazing.

    I was about 6km from the CBD yesterday, couldn't see the city for the smoke. By 10pm, it was clear again.
     
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  7. Someguy

    Someguy Well-Known Member

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    I believe historical areas hit by bushfire have seen price increases not long after, though this may be due to the new dwellings replacing those lost.
     
  8. Waterboy

    Waterboy Well-Known Member

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    I'm moving to Canadia.
     
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  9. Stoffo

    Stoffo Well-Known Member

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    Only if it were to take a really bad turn
    The Great Fire of London 1666 style
     
  10. mues

    mues Well-Known Member

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    This is a bit morbid.
     
  11. Waterboy

    Waterboy Well-Known Member

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    seriously the air quality is just ***** now
     
  12. gman65

    gman65 Well-Known Member

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    Maybe you are just being tongue in cheek.. but I was there in summer last year, and the entire west coast was covered by smoke haze from fires for the 3 weeks I was there. It really detracted from the beauty of the place when you couldn't see those beautiful mountains in the distance, just smoke haze. When I came back to Aus, I was so thankful in QLD for the clean air and clear skies. I thought I didn't have to worry about that sort of thing .. then 2019 happened :(

    Insurance premiums in certain areas in NSW + QLD is going to soar, and some areas may be close to "uninsurable".. There will be much more consideration on this from buyers moving forward which could depress prices in certain areas. Just like checking for flood maps, maybe there will be bushfire maps to keep an eye on.

    Having lived in a heavy bushfire area growing up, its not much fun having to worry about fires every few years.
     
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  13. Kangabanga

    Kangabanga Well-Known Member

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  14. Stoffo

    Stoffo Well-Known Member

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    Safety of the family first
    Insurance costs are further down the list
    Sure I wouldn't go out and buy an IP in a high risk area :p
    But I love where we live, the birds, wildlife (snakes)
    20191119_140905.jpg
    Am currently looking at a permanent fire pump using the pool water being pumped to roof mounted sprinklers so I can start it up and leave for safety sake ;)
    Doubt insurance would care, but being able to come home to a house V's ashes will be worth the investment :cool:
     
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  15. Thedoc

    Thedoc Well-Known Member

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    Great ideas mate but some sprinklers on the roof aren’t going to stop your house burning down if a fire rages up that hill, particularly if you face west/north west
     
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  16. gman65

    gman65 Well-Known Member

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  17. Thedoc

    Thedoc Well-Known Member

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    Until the Liberal Government stops cutting funding to Fire and Rescue NSW ($80mil down to $50) resources will continue to be scarce. Can’t operate on a shoe string budget.
     
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  18. Willy

    Willy Well-Known Member

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    And if they have to choose fire fighters will protect a house that has been cleared around before one like that because at least they have a chance of saving the one that's been cleared.

    Willy
     
  19. Redwing

    Redwing Well-Known Member

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    Crazy times at present

    I was a bit shocked at the temperature listed below also, its hotter than North Western Australia or Darwin

    Soaring temperatures in Sydney suburbs

    The fire danger increased as temperatures rose Saturday to record levels across Australia, surpassing 43 C in Canberra, the capital, and reaching a record-high 48.9 C in Penrith, in Sydney's western suburbs.

    Video and images shared on social media showed blood red skies taking over Mallacoota, a coastal town in Victoria where as many as 4,000 residents and tourists were forced to shelter on beaches as the navy tried to evacuate as many people as possible.

    upload_2020-1-5_7-24-22.png
     
  20. TAJ

    TAJ Well-Known Member

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    Would be interesting to know how many of these bushfires have been deliberately lit.
     
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