New flood maps to guide home loans customers in Brisbane
Article by Mozo
Brisbane residents or those considering going online to compare home loans to purchase a property in the city may benefit from new flood maps released by Brisbane City Council.
The local authority has unveiled its FloodWise Property Report, which identifies areas particularly at risk from high water levels, reports ABC News.
According to figures from the Insurance Council of Australia, its members have received more than 118,000 claims as a result of the flooding in Queensland and Cyclone Yasi.
However, the rebuilding of damaged areas is underway and in Brisbane a temporary local planning instrument has been introduced to allow those in at-risk areas to construct homes of a greater height than they were previously permitted to do.
Brisbane Lord Mayor Graham Quirk stated: "If people are looking to undertake work on their properties or if they want to raise their properties, these flood reports will give them the information they require."
This could be good news for home loans customers with residences in affected areas hoping to minimise the impact of any future disasters.
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