STRAND work was recently featured in a Otago Daily Time news article entitled “How to handle South Dunedin’s future”, Saturday, 27 April 2024, by Mary Williams.
Link to the article: HERE.
An excerpt of this work is below.
“At the University of Otago, a multi-disciplinary research team of experts in earth sciences, surveying and economics, is determining the impact of climate change on property values. The team’s project, known as Strand, hypothesised at its launch three years ago that if an area suffers increasingly frequent and intense flooding it will eventually become impossible to get a mortgage on a property there. The value of buildings will consequently slump to zero.
Since then, the academics, supported by the Marsden Fund, have been devising and running thousands of models to compute when this could happen.
Associate professor of geographical information science Tony Moore, one of the team’s co-leaders, says that despite unknown variables such as the speed of sea level rise, the project’s findings will “provide considerably more knowledge so people can be best informed”.
Findings will be published early next year and be of keen interest to homeowners, property developers, insurers, banks and the city council.”
