Tackling the wicked challenge of climate change risks to property: are Australian valuers prepared?

Abstract

Purpose: This research investigated Australian property valuers' identification and consideration of physical climate change risks in valuation practice. Design/methodology/approach: Thirty Australian valuer members of the Australian Property Institute from a variety of specialisations were interviewed. The semi-structured interviews explored climate change risks and the extent of risk investigation and consideration in valuation practice. The analysis utilised the Moser and Luers (2008) climate risk preparedness framework as a lens to evaluate current valuation practice in Australia. Findings: The analysis reflects that while physical risks are easily identified and engaged with by valuers,..