Real estate expert believes that the Kensington Banks flood zone properties ‘needs to be addressed immediately’

Earlier today, founder of Kensington’s Rendina Real Estate Lou Rendina joined 3AW Mornings with Tom Elliott.

There’s over 900 homes in Kensington Banks and they have all been recently designated a flood zone. Insurance costs will increase and the ability to sell these homes will diminish as a result.

“If there is rising waters, it needs to be addressed immediately” Redina said.

Click play to listen to the full chat on the Kensington Banks flood zone properties on 3AW

“These people were told when the development was done 25 years ago that it wasn’t a flood zone, now suddenly it is.” Elliott said.

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