Percentage of Offshore Wave Causing Set Up
Rate of wave pass-through from deep water to near shore (user estimate, default proxy).
Note that the default proxy is based on McInnes et al (2012) and WMO, (1998).
Actual wave pass-through will vary depending on the
unique circumstances of the property and inundation event.
Damage from Flooding as a % of the Replacement Value
Estimated home damage per flooding event (% of house replacement
cost) (user estimate, default proxy).
Note that the 20% default proxy is based on Middleman-Fernandes (2012), which provides damage curves for flooding.
Actual damage will vary depending on the unique circumstances of the property and inundation event.
Mortgage rate (interest only, precent).
Mortgage Rate of an interest only loan over 30 years starting today is defaulted to Commbank.com.au (2018). Standard Variable
Rate home loan - CommBank. We use a interest only loan because we set the amount available to the owner is the same as this rate
If damage happens to the property this cost comes out of the same fund
and therefore leaves less available to service the loan.