Home insurance affordability in Australia is deteriorating rapidly as climate‑related hazards intensify and construction costs rise. Increasing premiums, reduced coverage and insurer withdrawal are already leaving many households underinsured or uninsured, significantly heightening financial vulnerability when disasters occur. Without timely and coordinated intervention, these pressures will escalate, placing growing strain on households, communities and governments. The Housing Resilience Action Plan 2030 (Action Plan) brings together solutions developed by government, insurance, banking, investment, academia and the community sector to address one of the most pressing challenges in Australia’s climate adaptation agenda: What must be done now to support the growing number of legacy homes that cannot access affordable insurance?
