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How flood risk affects home values

ScienceDaily
Summary
Nutrition label

77% Informative

Houses for sale in a flood zone are around 10% cheaper than surrounding areas.

However, the reduced price tag is not worth the extra risk and can burden buyers with long-term insurance costs.

Researchers examined home sales data from the Richmond area on the outskirts of Sydney , along with 2019 and 2023 flood maps for the region.

VR Score

89

Informative language

96

Neutral language

47

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

no external sources

Source diversity

no sources

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