Aussie Home and Business Buyers Should Be Advised of Climate Risk, Report States

A pub is inundated by water during flooding in the suburb of Maribyrnong in Melbourne, Australia, on Oct. 14, 2022. William West/AFP via Getty Images

Australians seeking to buy a home or business should be given information about the climate risks relating to their new property.

That’s one of the ideas in a landmark 1000-page Productivity Commission report, which has given federal, state and local governments food for thought on policy changes to improve the economy.