Climate change and natural disasters: Government mitigation activities an public property demand response

The level of public response to extreme catastrophes is considerably greater than concern over climate change. This research compares the public's responses to extreme disasters and climate change when governments intervene to mitigate long-term climate change impacts. To do so we examine the property market behaviour in response to beach erosion and cyclone damage in Queensland, Australia. The results show that the impact on the property market of the public's response to the negative impact of cyclones is more marked than its response to the negative impact of beach erosion. The relative non-responsiveness to beach erosion can be seen as a product of both local government intervention strategies and the recreational and aesthetic attractions of beaches. This study, therefore, provides useful insights for the development of sustainable coastal development strategies.