For road closures around other parts of Queensland, visit Qld Traffic. Rivers across the state have swelled in size causing flooding after multiple major dams spill following a week of heavy rain. World delegates have agreed on a new climate action deal after hard fought negotiations and just days after the federal government released its net zero modelling. Last reviewed: 4 Dec Last updated: 31 May Print Page.
I want to More online services More than 30, Brisbane properties are now deemed less likely to flood after Brisbane City Council recently updated its flood maps — but about 7, properties have had their flood levels increased. The council's move to update flood mapping without citywide notification has prompted criticism from independent councillor Nicole Johnston, who said the council should have done more to inform residents ahead of time. Changes to the flood maps, based on the state government's Brisbane River Catchment Flood Study and studies of five Brisbane creeks, were put through the council chambers in May.
All homeowners whose property flood levels changed were notified by mail ahead of time. The new mapping has decreased river flood planning levels for 30, properties across Brisbane and 4, properties for creek flood planning. But another 7, properties have had their river flood planning levels increased, and properties have had their creek flood planning levels increased — meaning they are now deemed more likely to flood than previously. Cr Johnston, who represents the Tennyson ward, raised concerns that any change to flood mapping could have "massive" flow-on effects for home insurance premiums, development applications and property values.
Cr Johnston said some homeowners in her ward now had properties that were mapped as potentially flood-affected when they had not flooded in or In the floods, 24, properties were completely or partially flooded, of which more than 19, were homes.
The council altered some of its property planning regulations after the disaster, and introduced a program to kit out high-risk homes in flood-resilient materials. Another way of looking at this is that 5 in every years the property is expected to flood, put another way 1 in every 20 years the property is very likely to flood. Flood sources can help with insurance, sometimes they will ask the type of flood the property was affected by — river, creek, storm tide or overland flow.
Historic floods show the water levels that were reached in the January flood in Brisbane, and the January flood. You might have difficulty getting a home loan if you are looking at buying a home that is in a flood zone — but depending on your financial position, you might be able to still qualify for a loan. Depending on the severity of flooding on the property, the banks can ask for some more information than normal including:.
We have helped customers get home loans approved based on a flood of years, or 2. You could also use it as a chance to negotiate a lower price with the real estate agent! A large portion of these areas are in lower areas, near the Brisbane River or creeks and include:. There are 4 main types of flooding that occur in Brisbane, ranging from river flooding all the way to storm tide flooding.
Your bank will need you to have home and contents insurance against your property and specifically cover you for the risk of flooding. If you do not have the correct flood insurance cover you can risk having your home loan declined. The biggest difference between insurance providers is how they define storm and water damage, so chat to them about what policy will best suit you.
Unfortunately for them, water entered the house in lots of different ways, but the worst part was not the water but the muck and mud that was left behind once the flood receded. The flooding also destroyed some of their electrical and plumbing services, so they needed a brand new hot water system and property rewired before moving back in. The new owners may have followed the FloodWise Flood Resilient Homes Program , which has been designed to help people from Australia prepare, live through and return to normality after a flood.
We are experts in getting home loans approved, and work with several banks that can accept your home for a loan. Finding the Best Home Loan in Brisbane can be as simple as looking for the best mortgage broker reviews on Google. If you would like to chat about buying a home in a flood zone and need finance, speak with one of our experienced mortgage brokers to walk through the next steps with you.
At Hunter Galloway we help home buyers get ahead in this competitive market, purchase properties that are in the flood zone and we give you the actual strategies that have helped other home buyers like you secure a property when there have been 5 other offers on the table!
Enquire online or give us a call on Ready to take the next step toward buying? Refinancing your home loan can be a great way to reduce your repayments, pay off your home loan faster, or even leverage your equity to get some cash out for home repairs or renovations. Get a free assessment using the link below and our experienced team of brokers will arrange a time to speak with you about the best options for refinancing your home loan.
Get a free assessment using the link below and our experienced team of brokers will arrange a time to speak with you about your needs and make sure you can buy your dream home without all of the stress.
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