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‘The homes we build twice’: Repair bill for climate disasters climbing faster than inflation

Insurers said 409,094 claims have driven repair costs higher as materials and labour prices rise faster than consumer inflation.

In 2025 alone, declared catastrophes damaged 145,392 homes nationwide - almost as many as the 172,657 new homes completed that year.

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Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
Lean Left

‘The homes we build twice’: Repair bill for climate disasters climbing faster than inflation

In 2025 alone, declared catastrophes damaged 145,392 homes nationwide - almost as many as the 172,657 new homes completed that year.

·North Sydney, Australia
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Sydney Morning Herald broke the news in North Sydney, Australia on Monday, August 31, 2026.
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