Peter’s farm is on ‘flood country’. As Australia’s sea levels rise, safe land is vanishing and costs are huge

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Climate Council forecasts more than 267,000 coastal properties will be damaged by flooding by 2100, costing hundreds of billions of dollarsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastWhen grazier Peter Lake moved to the Clarence Valley in the New South Wales northern rivers region in 2007, he knew was “buying in flood country with … eyes open”.His cattle farm, about halfway between Yamba and Grafton, borders the Coldstream Rive