Episode Transcript
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Speaker 1 (00:01):
Cameron Renee's Real Estate Show on Mix one oh six
point three be the Envy of Camera Live in de Burgert,
Northborne Village by JW.
Speaker 2 (00:09):
Land now selling Hello there, Renee.
Speaker 3 (00:11):
Not only do we get to speak about real estate
on the radio each Saturday morning on Mix ONEOW six
point three, we get to relibits via the Internet each week.
Speaker 4 (00:19):
Yes, on our real estate show podcast.
Speaker 5 (00:21):
Week splored lots of cool things this week a bit
of a sustainability theme throughout.
Speaker 4 (00:25):
The show, which we love.
Speaker 5 (00:26):
That's great, one of which was green homes going mainstream.
This is Domain sustainability in property report that we looked
at and camera is right up there, which there always is.
Speaker 3 (00:38):
Now just hang on, We're not right up there, we're
leading the way there you go.
Speaker 5 (00:42):
Yes, I mean we've spoken about this, you know, camera
leading the way in this space in various shapes and forms.
Speaker 4 (00:47):
And this is another example of that.
Speaker 3 (00:49):
Is it Belinda Sinkelir from Domain and it was really
interesting also to hear about her home efficiency hub or
Domain's Home efficiency Hub.
Speaker 2 (00:58):
Then we went on and we had.
Speaker 3 (00:59):
A look at the idea of what is north facing
what does that actually mean when it comes to designing
a property?
Speaker 5 (01:06):
Now I've told you before, my partner Jim loves all
the home shows and everything property related. North facing is
one of the main things that he talks about that
he's passionate about.
Speaker 4 (01:17):
So it was great that we've got to chat about that.
Speaker 3 (01:19):
Yes, indeed, our guest was very very passionate about it.
Speaker 2 (01:22):
So you'll get to hear that on the podcast.
Speaker 3 (01:25):
And then of course our old mates Sam McGregor, principal
at Windrowse Property, how to look at the core Logic
Home Index report that we do each and every month.
Speaker 2 (01:35):
We place the local lenso over the national report.
Speaker 5 (01:37):
Yeah, which is great to learn what it means for
Canber and he also gives us a bit of a
look into what agents are chatting about at the moment.
Speaker 2 (01:43):
Which just fixed that.
Speaker 3 (01:44):
That's what we love indeed, and it's good at the moment,
which is great to hear. Okay, So that's all to
come on our podcasts thanks to mix On six point
three and JW.
Speaker 5 (01:52):
Land Well Domain recently released their Sustainability in Property Report
CAM and we know that Camber is a leader in
this space in general. This report is sort of further
proof of that and it looks at you know how
lots of people are looking for energy efficient homes.
Speaker 3 (02:09):
Oh look, we're going to wave the camera flag big
Jome here. Don't worry about that.
Speaker 5 (02:12):
Ruy and Belinda Sinclair is head of sales and agent
Partnerships at Domain. Good morning, Belinda, Good morning Rene and Cam.
Speaker 6 (02:20):
Thanks for having me on this morning.
Speaker 4 (02:22):
Yeah, thanks for coming on.
Speaker 5 (02:23):
Firstly, can you just tell us about the report and
some of the national findings before we get to the
local stuff.
Speaker 6 (02:29):
Absolutely. So we release the Domain Sustainability Report over the
last week and lots of interesting findings.
Speaker 2 (02:36):
I think.
Speaker 6 (02:36):
Firstly, as you said, Camberra absolutely late leading the way
and we'll talk about that in a minute. But energy
efficiency across the board is becoming more mainstream. So over
twenty twenty five, over half of all homes fifty two
percent and around a third of units sold across Australia
or had energy efficient mentioned features mentioned in the listing.
(02:59):
So that's signally up from what we saw five years ago.
I think what is probably no surprise, solar remains the
most common feature so found in about thirty eight percent
of houses sold and increasing demand I think because of
cost pressures and people have just been really mindful of
being educated on the long term cost savings of solar
and so.
Speaker 3 (03:18):
Belinda, as you gather all this data and those sorts
of things start to emerge, what sort of conversation do
you have back at the domain office?
Speaker 2 (03:25):
Is everyone talking about that?
Speaker 6 (03:27):
Absolutely?
Speaker 7 (03:28):
So?
Speaker 6 (03:28):
I think for many years it has been more people
who are very worried about costs or more worried about,
you know, the environment and the state and deilability in general,
that have been passionate in this space. And now it's
becoming more stream mainstream. So what we've done is build
and actually on Domain a home efficiency hub and I
was just having a play with it this week. An
(03:50):
interesting article that you can go on read about new efficiencies,
read about advice and inspiration how to actually make your
home or energy efficient and sustainable. And there's a great
article up this week the how to reduce your winter
energy bills and a whole lot of tips around that
how to space nice.
Speaker 5 (04:07):
Yes, and that's particularly relevant for us here in camera
with winter well and truly.
Speaker 3 (04:11):
Also bringing abomi seven grees outside here at the moment, Blinda,
So yeah, beautiful, So let's talk about that.
Speaker 2 (04:18):
How is the nation's capital leading the way in this space?
Speaker 4 (04:21):
Yeah?
Speaker 6 (04:21):
Absolutely, so Canberra has led this space for many years
and continues to do so. Obviously, we have some government
interjections here which really drive that. New listings coming up
for sales, both houses and units need to have a
rating around their energy efficiency, and what we see in
(04:42):
Canberra is seventy two percent of houses and sixty nine
percent of units are including energy efficient features, so really
outstanding leading the way. I think what's interesting though is
there are some great advantages. So energy efficient units attract
a seventeen point six percent price premium compared to those
without an eighty four percent sorry and ninety four thousand
(05:06):
and four houses with any efficient inclusions, and solar is
a really standout. So including solar and Canberra adds on
average one hundred and forty eight thousand to the house values,
or double glazing adding one hundred and seven thousand, so
really driving not just the cost effectiveness, but if you're
looking at energy infiicient inclusions for your home, it's also
(05:27):
going to help you when you come to sell and
get that premium price. I'm sure everyone's after as well.
Speaker 5 (05:32):
Yeah, so true, and you're right, like when you look
at we look at a lot of homes online and
read the descriptions and look at the photos and you
see it in the descriptions like listed you know, solar
panels or energy fish in these energy fish in that
double glazing. You know, it's all that they're making a
point and rightfully so of advertising that as a key
part of the home. Belinda, Thanks so much for sharing
(05:52):
all that with us this morning.
Speaker 6 (05:54):
Great to chat to you both, have a great Saturday.
Speaker 5 (05:56):
You two are Belinda Sinclair, head of Sales and Agent
Partnerships Domain. Well, can we just spoke about domain sustainability
in Property Report energy efficient homes and how Canberra is
a leader in this space, has been for.
Speaker 4 (06:08):
Quite some time.
Speaker 2 (06:09):
So good.
Speaker 4 (06:09):
This is further proof of that.
Speaker 5 (06:11):
And so that kind of lends into our next conversation
about north facing properties.
Speaker 4 (06:16):
But what does that actually mean?
Speaker 3 (06:18):
Yeah, and I have a feeling it's more than just
saying here we go, our property is facing north.
Speaker 2 (06:24):
We're going to build a north facing property. There's more
to it than that.
Speaker 5 (06:26):
It has to be thinks so an Adam Hobil who's president, sorry,
principal building designer at Adam Hobile Design.
Speaker 4 (06:32):
Good morning, Adam.
Speaker 8 (06:34):
Good morning guys.
Speaker 7 (06:35):
How are you? Yes? Good?
Speaker 4 (06:36):
Thank you now?
Speaker 5 (06:37):
Look, what does the designer think about when considering north
facing and is there more to it?
Speaker 8 (06:42):
Yeah?
Speaker 2 (06:42):
What does it really mean?
Speaker 8 (06:44):
Yeah, look, there's certainly a lot more to it. We
do a lot of site analysis work for clients and
when we do that, the first thing we look at
is orientation. We want to know where north is on
that property to understand what the opportunity of these of
the property are and north facing is really just it
(07:04):
just starts the conversation of understanding orientation.
Speaker 7 (07:07):
Of the block.
Speaker 8 (07:08):
So as much as we all know where the sun
comes from in winter, we also really want to understand
the seasonal changes that orientation has a really important impact on.
As you touched on, we get both extremes of the climate,
really hot summers and bitterly cold winters. We've got one,
we've got one today, and it's really important that we
(07:29):
can design for those climates.
Speaker 3 (07:31):
Okay, and so let's have a look at some of
the advantages of having a house that is orientated towards
the north and then some of the downsides if there's
any as well.
Speaker 7 (07:39):
Yeah.
Speaker 8 (07:39):
Look, I mean anyone who's lived in any Canberra property
for a period of time will know where the warm
spots are in the house. So it's pretty straightforward, and
it kind of ties into a previous article where who
doesn't want to live in a home that's more comfortable
warmer in winter and cooler in summer. So to be
able to capture nor an or an aspect means that
(08:03):
you're getting more passive heat gain into the property and
it also means that you actually can control the amount
of heats that might come into the property during the
warmer summer months.
Speaker 3 (08:15):
Yeah, and so it then comes down to I believe
you know, city planning as well, because the place that
we're on in Campbell Campbell Heights, as I like to say, right,
so we've got a rectangle property, but it's the shorter
end of the property that faces north, and.
Speaker 2 (08:31):
So you've got limited space. So then adam you.
Speaker 3 (08:35):
Get if you've got a property that has the longer
edge that's facing north, that's more of an advantage when designing.
Speaker 2 (08:40):
I would imagine, Yeah.
Speaker 8 (08:42):
That's spot on. I mean, so we're in that site.
Now it's this work. If we look at what ideal
north facing or ideal orientation is generally speaking, north at
the rear of a property is a good thing, and
even though that's the shorter edge. The area of the
property means that you've got your north facing glass feeling
out into your gardens and open spaces north. That the
(09:04):
front of a property can be really challenging, especially in
most properties. I guess where you've got a garage to
the front of the property and that garage dominates a
big lump of space, so you have very limited access
of windows that can give access to the north sun.
Speaker 2 (09:20):
Window.
Speaker 8 (09:21):
Sorry, north to the side of a property is generally
seen as a really good outcome because you obviously get
more length at the longer side of the boundaries you mentioned,
more rooms, get more sun.
Speaker 5 (09:30):
Yeah, and it is so important when we Adam my
partner and I, when we bought the place we currently
live in, we each had a couple of deal breakers.
I wanted to have a rumpus through and where you
can put all the kids stuff and shut the door.
My partner north facing it has always been a key
thing fit him and so we've been lucky in Canberra.
Our autumn was warmer than usual. We live our main
(09:54):
living space is towards the back of the house and
so we have had this beautiful sun c me in
and we've I mean, we have been putting the heater
on lately, but before that we barely have been using
the heater.
Speaker 8 (10:06):
It's been great, exactly, that's spot on, and that's what
we're looking for, is that natural passive heap gain into
our homes where we can have more natural light coming
in to the home. No more glass is more natural
light as well, of course lower energy bills. Who doesn't
want to spend less on their energy bills?
Speaker 2 (10:24):
Okay mate.
Speaker 3 (10:24):
Finally, and just quickly, what's the number one piece of
misinformation that you hear when you hear people talking about
north facing properties.
Speaker 8 (10:32):
Well, I guess we're talking about north facing design and
north facing windows. Is probably important to understand that not
a free hit more glass isn't or there is a
limit how much north facing glass you can have. And
shading is really important. So we touched on summer, but
if you have huge amounts of north facing glass, it
(10:53):
doesn't matter if it's perfect orientation or not. It will
overheat in summer. So really important that you pay attention
and to adequate shading even when you have perfect and authorrientation.
Speaker 5 (11:05):
Yeah, yep, absolutely, all right, Well that's been very interesting.
I can go back and tell my partner all these
things and you'll be super impressed.
Speaker 4 (11:11):
When I get over from work.
Speaker 5 (11:12):
Adam, thank you so much for sharing all that with
us this morning.
Speaker 8 (11:15):
You welcome, guys, have a great day.
Speaker 4 (11:17):
Thank you.
Speaker 5 (11:17):
Adam Hoble, Principal, Building Designer, Adam Hoble, Designer, Well Cam.
Every month or so we like to find out what
the local findings and stats are in the latest core
Logic Hodonic Home Value Index report because it's interesting. It
does sort of change and evolve over time as things happen.
Speaker 2 (11:34):
Oh, this is one of the things I love.
Speaker 3 (11:35):
So this is a national report that has all sorts
of information, but to pick out the localisms and the
local findings and figures that's really interesting for us.
Speaker 5 (11:46):
It is and the man who does it for us
each time is Sam McGregor, principal at Windrows Property.
Speaker 4 (11:51):
Hey Sam, mate, how are you?
Speaker 7 (11:54):
Yes? Good?
Speaker 4 (11:55):
Thank you, thanks for joining us.
Speaker 5 (11:56):
Can you give us an overview of the camera market
as seen in this report at this time round?
Speaker 7 (12:01):
Absolutely I can. So. In the last month we've seen
property growth or prices growth in Canberra zero point four percent,
which is interesting because it's the same amount that we
saw the month earlier. Pretty simple. Actually, the report showing
that since we hit our COVID peak, which I think
was about May twenty twenty two, so we're three years
(12:22):
from their prices are down about six point four percent.
But the interesting thing from there is that they came
down probably the bottom was about twelve months ago, so
about ten percent, which means in the last twelve months
we've had about three maybe four percent price growth, so
showing that the camera mark's pretty strong.
Speaker 2 (12:42):
Okay.
Speaker 3 (12:42):
And so while we're talking about percentages and figures and
all of that sort of thing, our property values have
grown almost thirty one percent in the past five years.
Speaker 2 (12:51):
What about the past decade?
Speaker 7 (12:54):
Past decade, I think we've seen about sixty percent growth,
which is pretty outstanding. I love the numbers, and I
always love digging into it and talking you guys. It's
pretty I suppose colloquially people say that property values double
every seven to ten years, so we're basically nudging that.
Speaker 5 (13:11):
Yeah, yeah, okay, And lots of sort of deals being
done in May. By the sounds of it, like things
are rolling along and looking pretty positive overall.
Speaker 7 (13:19):
Yeah, and look, it's been a pretty crazy month. We've
seen heats happening out of our office, and the other
agents that I'm speaking to have said exactly the same
thing that you know, there's a lot of deals that
are happening. There's a bit of a lull because we
had Easter end that day in election in one two
three weekends where there wasn't much happening, But I remember
saying then we're meeting a lot of buyers, doing a
lot of private showings at houses. That's now reflecting the numbers,
(13:42):
without of doubt. I've seen the business months may personally
that I think I've never had in real estate. So
it's been a pretty crazy little period.
Speaker 3 (13:49):
Yeah, and so very shortly Brett Hayman from hamand Partners
will be joining us in conversations with him through the week.
He's saying almost exactly the same sort of thing that
you're saying as well. And he's also saying that with
houses that are being listed for auction, buyers are now
coming out and if they see it, they'll just they'll
put on an office straight away in so they can
get it before it goes to auction, and it's being
(14:11):
sold like that.
Speaker 2 (14:12):
That's having quite a number of times for him.
Speaker 7 (14:14):
Yeah, that's exactly right, Cam, and that look, that's an
indicator that the market's strong, and also indicator that buyers
know when our property is a good one and it's
priced pretty well, and they'll get it down and buy it.
So that's sort of exactly what I'm seeing. Buyers are there,
they want to make a deal happen, And that's probably
just an indicator that sentiment is very strong in the
market that it's probably only going to keep going up.
Speaker 1 (14:34):
Now.
Speaker 7 (14:34):
I don't think it's going to skyrocket to the moon
by any means, you know, they're going to go crazy
like we did in Pogod, but it is it's a
strong market.
Speaker 5 (14:42):
Yeah, And just quickly, Sam, do you think that that
confidence has a lot to do with what's been happening
with interest rates?
Speaker 7 (14:49):
Yeah, Look, it's twofold. It's definitely interest rates and the
fact that we've seen them come back a little bit
thanks to the RBA and a couple of interest rate
parts through the forecast by the end of the year
will probably see another too. Three. And the other thing,
of course, is the Labor government's policies bring in making
it a little easier for first time buyers to get
into the market. Managing stock and that sort of thing,
(15:11):
because a lot of it's always driven by supply issues.
To be honest, whether there's not a lot of houses
being built one hundred and eighty thousand across Australia in
the last two months, and we had about a million
new immigrants into the country, so supply is not keeping
up with demands, which is also accounting for increasing prices.
But government policy, coupled with interest rates, is what's making
(15:31):
people be confident that buying a house is a good
thing to do at the moment.
Speaker 4 (15:35):
Yeah, sure, all right, Sam, Well that was great.
Speaker 5 (15:37):
Thank you so much for joining us this morning and
giving us that local perspective as always, and have a
great weekend.
Speaker 7 (15:43):
Thank you. I was speak again very soon is.
Speaker 4 (15:45):
Thank you, Sam McGregor, principal at Winrose Property.
Speaker 3 (15:48):
Well, those are the interviews we most enjoyed in last
week's Mixed one O six point three real Estate show.
If you love hearing about the latest trends, or you're
just up for a sticky beeek, be sure to drop
by for a listen this Saturday between nine and ten
Speaker 1 (16:01):
Caim and Rene's Real Estate Show on Mix one O
six point three