Caveat emptor lives!

Which iconic unit in Yamba is being advertised for sale at $1.45 million, even though it is in an area with an estimated statistical 1 in 1,000 chance of sliding towards the ocean in adverse weather conditions?
I'm sure the owners would have experienced at least one subsidence alert during the last three years, so it is passing strange that this unit is thought to be worth so much.
Would you pay over a million for the slide of a lifetime?