Australia housing crisis to worsen under fossil fuels
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A University of Sydney study indicates that Australia's housing crisis is likely to worsen due to climate change impacts, particularly under a high-emissions future dominated by fossil fuels. Climbing insurance premiums and other economic symptoms are projected to increase rents and homelessness rates, potentially quadrupling within a decade. The modeling suggests that housing affordability will decline, disproportionately affecting low-income households and renters.
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