Rising tide: How will climate change hit NZ property values? 12 Jan, 2021 12:48 AM 5 minutes to read Up to 120,000 coastal homes and buildings located across New Zealand today would be at extreme risk of climate impacts, like higher seas, storms and flooding, by the century's end. Photo / Paul Taylor Up to 120,000 coastal homes and buildings located across New Zealand today would be at extreme risk of climate impacts, like higher seas, storms and flooding, by the century's end. Photo / Paul Taylor A leading researcher says there's an urgent need to understand New Zealand's "tragedy on the horizon" - climate-driven costs that could hit coastal properties and banks.