Luxury homes could be lost to the sea

Anyone who has taken out a home loan on a beachside property in Byron Bay may be rightly miffed at the local council’s decision to leave tracts of prime real estate exposed to rising sea levels.

The Daily Telegraph reports that the council has made the decision to enact "planned retreat" laws allowing nature to take its course and blocking residents from protecting their properties.

Local business group Byron United president Ed Ahern lamented the decision and railed at the council’s move to block them from erecting sea walls to prevent sea surges.

"The state government needs to intervene in these matters and take over responsibility. We urgently request that the government intervenes in this important matter," he pleaded.

Earlier this year, the Sydney Morning Herald pointed to research carried out by scientists showing that Dee Why on Sydney’s northern beaches may be particularly at risk of flooding over the coming years if climate change continues unabated.

This article brought to you by Mozo – helping you compare home loansADNFCR-1761-ID-19250021-ADNFCR