Gold Coast suburb has $1.4bn in property at ‘very high risk’ from coastal erosion

Paradise Point has 20% of its housing stock vulnerable to erosion or storm-surge damage, CoreLogic says

New data has identified the affluent Gold Coast suburb of Paradise Point as having the highest value of property at risk of coastal erosion in Australia.

An estimated $1.4bn worth of property within 6.4km of the coastline in Paradise Point is at very high risk" of coastal erosion or storm-surge-related damage within the next 30 to 60 years, according to analysis by CoreLogic.