This study is based on a series of assumptions regarding the size and cost of the building and the nature of the floods at the building. These assumptions are noted in the text below. Be aware that the results of this study are highly sensitive to some of the assumptions made.
All figures are in Australian dollars.
They are based on Australian construction costs. The flood levels and the flood probabilities at the house site. The value of the house and contents. How increased land values are accounted for. This accounts for the first three factors above.