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Spargo Creek vs Speed — Which is Safer?

Compare climate risk between Spargo Creek, Victoria and Speed, Victoria. Our analysis uses data from BOM, CSIRO, and state hazard authorities to score each suburb across 6 climate hazards.

31/100
Low
34/100
Moderate
Hazard
Flood48/10049/100
Bushfire24/10016/100
Heat54/10052/100
Storm23/10046/100
Coastal14/10020/100
Cyclone23/10023/100

How to Interpret These Scores

Each hazard is scored from 0 (minimal risk) to 100 (severe risk). Scores are derived from BOM historical data, CSIRO climate projections, and state hazard authority mapping. A score of 50 means the property is in the moderate range — above average risk but not extreme. Scores above 67 indicate high risk requiring due diligence.

Minimal
0-16
Low
17-33
Moderate
34-50
Elevated
51-66
High
67-83
Severe
84-100

Insurance Cost Trajectory

Based on the hazard scores for these suburbs, current annual insurance premiums are estimated around A$4,872. With projected climate changes under RCP 8.5, premiums could rise to approximately A$6,821 by 2030 and A$12,667 by 2050. These projections align with Insurance Council of Australia data showing 28% average premium increases nationally between 2022-2025, with higher-risk areas seeing 80-120% increases.

Current
A$4,872
2030 (RCP 4.5)
A$6,821
2050 (RCP 8.5)
A$12,667

Property Value Climate Impact

Rising insurance premiums directly impact property values. Research from the Insurance Council of Australia and climate risk analysts shows that properties in areas with higher climate risk can experience a climate value drag. For a median-priced home, this could mean a potential impact of around A$38,975 or more over time.

Verdict

Spargo Creek has a lower overall climate risk score (31/100) compared to Speed (34/100). We recommend getting an address-level report for properties in both suburbs before making a purchase decision.

Frequently Asked Questions

Is Spargo Creek or Speed safer from flooding?
Spargo Creek has a flood risk score of 48/100, while Speed scores 49/100. A lower score indicates lower flood risk. Get an address-level flood risk report for a specific property.
Which suburb has lower bushfire risk?
Spargo Creek scores 24/100 for bushfire risk. Speed scores 16/100. Fire risk depends on proximity to vegetation and local fire history.
Should I buy in Spargo Creek or Speed?
Both suburbs have climate considerations. Spargo Creek has a lower overall climate risk score. We recommend getting a full ClimateNest report for any specific property you're considering, which includes 8 hazard scores, insurance projections, and actionable recommendations.

Explore Detailed Reports

Spargo Creek Flood RiskSpeed Flood RiskSpargo Creek Should I Buy?Speed Should I Buy?

Check Your Flood Risk Now

Check Spargo Creek's specific flood risk and see how it compares to nearby suburbs. Enter your address for an instant risk assessment.

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Get Your Flood Risk Report — A$69

What A$69 could save you from

$7.2B
2022 insured disaster losses*
$300B+
climate risk to property by 2050*
30-120%
insurance premium increases in high-risk areas*

*Industry sources: ICA, APRA, RBA

Full report from A$69 · Australian addresses only · 8 hazard scores · Insurance trajectory · 2030 & 2050 projections