Volume 18 Issue 1, 2003

Effects of disclosure of flood-liability on residential property values

Stephen Yeo

Peer-reviewed Article


Archived Article


Abstract

The effect of disclosure of flood-liability on residential property values is a contested issue. Disclosure is generally taken to mean some sort of public revelation of flood-liability. Forms of disclosure in New South Wales include floodplain maps, flood markers, household information sheets and flood data downloadable from the Internet1. A more limited means of disclosure is via Section 149 certificates under the Environmental and Planning Assessment Act (1979), which record any flood-related development controls pertaining to a particular property.2