The prices of homes in the firing line of rising seas have continued to climb despite fears that climate change could slash billions from the value of coastal properties. New analysis of Cotality data looks at home prices in suburbs which the research house previously identified as the areas with the largest value of homes at risk of coastal inundation and storm surges. It shows property values there have continued to climb since the report was published in 2022. It comes as the federal Government last month released its first National Climate Risk Assessment report which predicted, if nothing were done, 1.5 million homes would be lost to rising seas, $611 billion in property value would be wiped out, and thousands of Australians would die in heatwaves every year. Cotality’s 2022 report, Coastal Risk Scores for Financial Risk Assessment, compiled the suburbs that were both the most at risk from sea-related hazards and had the highest concentration of property wealth; the top suburbs were the Gold Coast’s Paradise Point, Cronulla and Port Melbourne.