August 3, 2025 • 17 mins
- Adam Hobill, Principal Building Designer at Adam Hobill Design and author of “Nail It”, speaks about why you should be wary of the building quote you were hoping to receive
- As population trends evolve Kim Houghton from Economic Solutions provides an update on how regional areas are coping with the influx of new residents
- Sam McGregor, Principal at Windrose Property reviews a national housing report through a local lens
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Episode Transcript
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Speaker 1 (00:01):
Cavin Renee's Real Estate Show on Mix one oh six
point three be the Envy of Camera Live in de
Burg at Northborne Village by JW. Land now selling Will Cam.
Speaker 2 (00:11):
It's now time for another Mixed onety six point three
real Estate show podcast.
Speaker 3 (00:14):
Yes indeed if you heard us on the radio on Saturday.
Three incredible guests and we get to relive.
Speaker 4 (00:19):
It right now.
Speaker 3 (00:19):
Adam Hobel, who is the principal building designer at Adam
Hobel Design and also author of the book called Nailed It,
joined us to talk about building quotes and what you
need to be a little bit wary of. It was
really interesting as well. He talked more about you gotta
be careful of what's left out.
Speaker 2 (00:36):
Yes, so you obviously need to review and take note
of what is in your building quote, but there can
be some stuff that's left out as well, like you say.
Speaker 3 (00:43):
Really interesting to listen to Kim Horton once again from
Economic Solutions, and we've spoken to him on the show
before and he's talking about this idea of people moving
away from the big capital cities into regional areas and
so we've seen that into places like Wollongong, the bigger
regional places Newcastle, Ballarat, but now it's extending into those
(01:04):
sort of New South Wales and Victoria and also now
Queensland country towns.
Speaker 2 (01:08):
Yeah, and so it sort of started around COVID time
and seems to have continued. And he kind of spoke
about how that's happening here locally and around the country
and some of the potential concerns with that pattern.
Speaker 3 (01:20):
We love when Sam McGregor joins us, also principal at
Windrose Property and he places the local lens on the
National care Logic Hedonic Home Value Index and once again
it's really interesting to hear the bit's the pop out
for him.
Speaker 2 (01:33):
Yeah, and it all sounded pretty positive across the board,
which is great to see, especially when you know it
can be a lot of doom and gloom at times.
But it all sounded pretty positive, which we like.
Speaker 3 (01:43):
To hear things a corgan locally, no doubt about that.
Thank you so much for joining us both on Saturday
if you do live on the radio, and then reliving
it with our podcast right here. All thanks to j
W Land at Mixed one to six point three.
Speaker 2 (01:56):
All right, kem, well, you know that when you were
buying a house it's very exciting. There's lots of layers
as a massive process, but it is exciting to do that.
And when people are building it is exciting as well.
But that also comes with its own processes and layers.
Speaker 3 (02:11):
I suppose it. I mean both are journeys, right yep.
But when you see when you see the foundations laid
or the piece of land cleared first, and then the
footing's go in foundation, right, so and then it comes
up out of the ground and all the bits like
that just must be so exciting if you are building
like that. Absolutely.
Speaker 2 (02:31):
So we're going to find out a little bit more
about all of that and say good morning to Adam Hoble,
who's principal building designer at Adam Hoble Design an author
of the book called Nail It. Adam, good morning, Good
morning guys. Now, look, for anyone who's never gone through
that process, how does a typical building quote come together?
Speaker 3 (02:49):
Because it starts with the quote mate, doesn't it?
Speaker 5 (02:51):
Yeah, yeah, look it does.
Speaker 6 (02:53):
It's a really important process. Obviously, there's a lot of
excitement in the design phase of a project, whether that's
an extension, renovation type project or a new home.
Speaker 4 (03:05):
But things start to get real. When we go through
that quoting process, typically people are building costs tend to
be more than people are hoping. So really important that.
Speaker 6 (03:19):
That quoting process is handled really thoroughly, because otherwise there's
just far too much scope for inconsistency and error and
kind of surprises and more stressed in a line.
Speaker 3 (03:34):
Yeah, yeah, yeah, and so is there lots of conversation
sort of backwards and forwards with builders and architects and
designers about what's included, how much? And then I don't
want that, but I do want that. What does that
conversation look like?
Speaker 6 (03:49):
Well, the documentation that we issue to builders in that
quoting process is obviously really really important. People will be
familiar with the idea of sending out the sort of
draw or four plans to build us to quote now
that will clearly tell the builder.
Speaker 5 (04:07):
Everything they need they need to know.
Speaker 6 (04:08):
About the scope of the project, how big it is,
and what are we building. But the drawings alone leaves
out a whole bunch of information that is critical to
understand what's included, and it leaves the builder guesting on
a whole bunch of things. So imagine we clearly say
that there's two bathroom. So we need to include two
(04:29):
toilets in this project.
Speaker 5 (04:31):
But there's a builder.
Speaker 6 (04:34):
Is it a three hundred dollar toilet or is a
three thousand dollar toilet?
Speaker 5 (04:38):
So we need to give them.
Speaker 6 (04:41):
Instruction and documentations in I guess a schedule that sets
out a whole bunch of allowances. There are dozens of
those allowances in Metha in our kitchen.
Speaker 5 (04:50):
Is a prime example.
Speaker 6 (04:51):
Where a kitchen could be twenty thirty thousand dollars, it
could be eighty or ninety thousand dollars for the journey.
So it's really clear that when we're going out to
multiple builders that they all have clear, accurate and particular
information so that when we receive those quotes, those quotes
are also really clear and consistent.
Speaker 2 (05:09):
Yeah, for sure. And when people are reviewing a building, quote, Adam,
what should they look out for, Well, you.
Speaker 6 (05:18):
Need to mention make sure you go through that process
which is really thorough clear documentation. What are the things
to understand is a lot of people make the mistake
of not understanding what is excluded from the from the quote,
So we want to know what's in the quote. Really
important to understand what is excluded from the quote.
Speaker 3 (05:40):
Okay, and so what are some of the things that
you know, what's an example of that?
Speaker 6 (05:45):
Well, so things like things that often get missed, things
like we see we see on a quote there might
be a wardrobe, but what is the wardrobe?
Speaker 5 (05:55):
What is in that? What is in that wardrobe fit out?
Speaker 6 (05:58):
Is that we're talking about a simple shelf with a
hanging rail or a full joinery fit out, So it's really.
Speaker 5 (06:06):
Digging into the detail. Other things like fees.
Speaker 6 (06:11):
So at the front end of the project, building projects
and care a whole.
Speaker 5 (06:14):
Bunch of government fees and the like, So to understand.
Speaker 6 (06:19):
What of those fees and certifying fees are included and
what is excluded?
Speaker 2 (06:25):
Yeah, all those things, Adam, where's the best place to
get sort of unbiased, you up to date info for
both camera and then surrounding New South Wales too.
Speaker 6 (06:35):
Well, anyone going through this process will be will be
talking to a designer or an architect to help them
for that process. So you just really need to be
talking to those people about how they manage that process.
They will have relationships with builders that they work with
that they can trust and they understand the process. So
(06:57):
it's just really important to work with a team that
has the experience in the areas that you look in.
Speaker 2 (07:03):
You have one hundred percent some very good advice and
tips there. Adam, thank you so much for sharing all
that with us this morning.
Speaker 5 (07:10):
You welcome, guys, have a great weekend.
Speaker 2 (07:11):
Thank you so much. That's Adam hobl who's principal building
designer at Adam Hoble Designment.
Speaker 7 (07:16):
Well Cam.
Speaker 2 (07:17):
When it was the time around COVID, we spoke a
lot about how a lot of people wanted to leave Canberra,
lea the city and move out to more rural areas.
Speaker 3 (07:25):
Didn't we very much so and this was really the
case in the bigger capital cities as well, definitely Sidney,
definitely Melbourne, and we were hearing people buying houses without
obviously visiting. They just go online and just buy, hit
the go button and they just moved to a regional
area just to get away from everything.
Speaker 2 (07:43):
They wanted space and it seems that that has kind
of continued. Yeah, so we're going to get to get
an update and see where that's all that this morning
and say good morning to Kim Horton, director with Economic Solutions.
Good morning Kim and m hi mate. Now look following
COVID We know that many people did move, as we said,
from city to regional areas. Have you seen that continue
(08:04):
as well?
Speaker 7 (08:06):
Yeah, it has, although's kind of stabilized. It's always been
a long term trend. Actually, Sydney has been losing people
to other parts of the country for twenty or thirty years,
long before COVID. Melbourne used to be about line ball
as many people coming in as going out. I think
what really shifted was Sydney's continued losing people. But Melbourne's
not now looking more like Sydney, with more people leaving Melbourne.
Speaker 5 (08:24):
For other parts of the country, and.
Speaker 7 (08:26):
Now Brisbane is looking more like Melbourne. Brisbane always used
to be the main attractive people went to. Now it's more.
It's definitely right. There was a big jump kick up
soon after COVID, particularly in Victoria. Those Melbournians couldn't wait
to get out at Melbourne.
Speaker 8 (08:39):
Victres lifted.
Speaker 7 (08:40):
But and it's still happening, but not not at that
same massive scale that it was in those of the
six or twelve months after COVID.
Speaker 3 (08:45):
Okay, and so people moving out into those regional areas.
Have those towns and areas have they coped with the
influx of the new residents.
Speaker 7 (08:54):
They coped in the sense that the market has generally
pushed the prices up and so people are going further
and further inland. That's that's the pattern that we've observed
over the last of the three or four years. So
initially the main places were, you know, the big population
tenders with similar amenity to the capital, so Geelong, Newcastle, Wollongong,
those sorts of places have done that did really well
early on. But as those price points increase, people started
(09:16):
to move further inland, and so you've seen this ripple
effect really of places seeing an influx of new arrivals.
And it really wasn't on the planning horizon that many
of the state and local governments unfortunately, so the resources
to support that unexpected growth really haven't been that there's
a lot of catch up going on, particularly in the
smaller towns at the moment. They haven't seen some growth
for a while and suddenly they're seeing a bit of
(09:37):
an influx.
Speaker 3 (09:38):
And are they doing a good job in your opinion
of catching up.
Speaker 7 (09:42):
Oh, they're doing as good as they can in retrostrict, right,
I mean, this is the thing if you say you know,
you know it's like in realizing, if you think ahead,
you can get a lot of stuff done. You know,
the kind of the kind of long term planning you've
seen in in Canberra for instance, has been pretty good generallyized.
Some of the infrastructures lagging, but without that longer term thinking,
it becomes it's slow. The catch up takes a lot
longer than some initial rushas. So they're doing okay, but
(10:03):
it can be hard to find, you know, childcare places
or doctors or even housing in some of these places
that have seen a bit of an influx where there
hasn't been any building for a number of years, which
is not uncommon in our smaller inland towns.
Speaker 2 (10:13):
Yeah, and you may have just alluded to this, Kim,
But what's your biggest concern when it comes to people
moving to regional locations.
Speaker 7 (10:19):
Well, I think it's something there's a lot femis are
interested in building or investing. There's a lot of opportunities
in regional centers in particular, but even some of the
smaller regional towns because there's been underbuilding there for ten
to fifteen years generally, particularly strangely the units and townhouses.
The mix in regional places is really skewed towards large
(10:41):
houses on large lots, which which is what people think
people want, but in fact, when we did some fairy
detailed research, at least it's it's townhouses and two bits
of units that are things that are missing from these places.
So there's just a real gaff in the market. So
that's what I'd like to see is a bit more
of a diversity in a housing mix in our regional
smaller places as well as their regional centers.
Speaker 3 (11:02):
So the so called missing medal is also missing in
the regional areas as well.
Speaker 7 (11:06):
It's missing in Dubbo, it's missing in cow Er, it's
missing in Wagga. You know, I'm with this encounter that
there's been a couple of areas, a few areas where
there's been really high entity in regions, and that really
stand out. Nabo's got a i think eight or ten
story apartment block going up, which is so really well,
partly too locals wanting to sort of downsize or resize
and some to people that couldn't find anything else in
Dubos that they wanted. That's really unusual and it took
(11:29):
a lot of an interesting mix of investors to get
that out of the ground that one. But it's an
interesting sign of what the market's actually looking for in
some of these regional places.
Speaker 8 (11:38):
Yep.
Speaker 1 (11:39):
One.
Speaker 2 (11:40):
All right, Kim, Well that was super interesting. Thank you
so much for sharing all that with us this morning.
Speaker 7 (11:45):
It's great, Thanks for Im, Kim.
Speaker 6 (11:46):
Thank you.
Speaker 2 (11:47):
That's Kim Horshon who's director at Economic Solutions. In the meantime, Cam,
we are going to take a local look at another
national property report, which we'd like to do every month
or so to find out what the camber details are
and what's happening here locally.
Speaker 3 (12:03):
Yes, indeed, this is the Core Logic Hedonic Home Value Index.
It's published once a month and it was published through
the week and each month we get to pull out
all the numbers and see what's doing locally as against
what's happening nationally as well.
Speaker 2 (12:16):
Absolutely, And the man who can tell us more is
Sam McGregor, principal at Windrows Property.
Speaker 7 (12:20):
Sam.
Speaker 8 (12:21):
Good morning, a good morning.
Speaker 4 (12:23):
How are we?
Speaker 8 (12:23):
Yeah? Good, thank you.
Speaker 2 (12:24):
Now, look, can you give us an overview of the
Camera market in this latest report?
Speaker 7 (12:29):
Well?
Speaker 8 (12:29):
Absolutely, and really simple and pretty interesting actually for us
this week Rene, so we had in camera a half
a percent price growth across the region, which was split
between about zero point six percent allocating to presenting dwellings
how does this and point two percent to our compartments
leaving the average property value and camera just to touch over,
(12:51):
it's sixty last night.
Speaker 3 (12:53):
Okay, And so was there anything As you open these
reports up and you go through them, I would imagine
there's some go to numbers for you that you look at,
and then there's other bits.
Speaker 7 (13:04):
That sort of pop out.
Speaker 3 (13:05):
What was the surprise for you this time around?
Speaker 8 (13:08):
Well, there's probably two things. The first one is that
the market across the country has had significant growth across July,
but more importantly locally for US half a percent growth
in the month of July is it's outstanding to see
and actually shows that the market is very strong. If
you think, you know, average that out over a year,
(13:31):
we're over five percent, six percent that would be, which
is a pretty strong price growth for what is actually,
without a doubt, the most miserable month of the year,
or at least so far.
Speaker 3 (13:40):
And this is exactly where I was going because July
is usually pretty slow, right, but we're seeing this. It's
opposite to what usually happens, both locally and nationally.
Speaker 8 (13:51):
That's exactly right. Well, traditionally July and augustumber this last month,
July being the middle of winter, so it's going to
be pretty pretty rubbish to be out looking at her
if you're a buyer and not ideal like you're a seller.
And then August, obviously most people would say, well, we're here,
we might as well hold off until spring. And so
to see that kind of price growth in the depths
of winter is pretty significant, and it's pretty significant indicator
(14:12):
to show that the market's actually go strong.
Speaker 2 (14:14):
And what do you put it down.
Speaker 8 (14:15):
To, Well, there's a couple of things. There's definitely a
lot of positivity from buyers in the market that will
probably come out of the worst in terms of economic stuff,
if I could just be that simple.
Speaker 5 (14:27):
There's a bit of.
Speaker 8 (14:28):
Boldness that there'll be an RBA rate cut in August
and then probably another one to three by the end
of the year, depending who you talk to them where
you read. But the interesting thing is it's really just
by saying there's never been a better time to buy.
The other thing is, of course that there's a bit
of confidence. And then we spoke about this last time
post election where everyone's settled in, We've got some new
(14:51):
policies coming our way, and maybe things are being managed
how they're going to be for the foreseeable future. So
it's a good time if you look at a buy
to be a buyer, and that's reflected in the numbers.
Speaker 3 (14:59):
It's really interesting though as well, though, because you know
post act budget where things are, it's just like, come on.
And then that was you know, a week later, there
was no interest rate cut, and so I think the
feeling for at least a week and a half or
two weeks was like, oh, here we go again, like
we're on the way down. But then these these reports
come out and it's just completely opposite locally anyway.
Speaker 8 (15:22):
Well, now that's exactly right, And it's kind of interesting
that inflation data came out.
Speaker 5 (15:27):
It was a couple of days ago, and.
Speaker 8 (15:28):
Now everyone was sort of saying, well, look, we probably
deserved the rate cut last last quarter or a month
or whatever it is that they were looking at. So
the numbers are there and stacking up, and I think
that's probably again to see that sort of growth in
July is significant, to see it off the back of
maybe a little bit of doom and bloom from the
RBA about what's going on in the market. It's also
significant it shows the camera's a great place to live
(15:49):
in own property, to be honest, because if it's so good,
so to speak, economically for us and as buyers to
be out buying property this time of year, we've got
a pretty.
Speaker 5 (15:58):
Good, beautiful, very lucky.
Speaker 3 (16:00):
Yeah yeah, yeah.
Speaker 7 (16:01):
And so Tomy, have.
Speaker 3 (16:02):
You got a busy day yourself?
Speaker 8 (16:03):
Like you know, we talked.
Speaker 3 (16:04):
About things being you know, sort of heating up and
being sort of a little bit hotter for this time
of the year. How about yourself for today?
Speaker 8 (16:13):
But absolutely, I think I'll probably be out showing nine
or ten homes across the office, will probably show over
twenty at There's an interesting phenomenon happening at the moment
where there's a lot of money flowing to the market
between about seven fifteen one million bucks and if you're
sort of looking at houses in the Belcanum area that's
sort of price back in Gongan, there are a lot
(16:34):
of buys around last weekend, I think I had we
ran an auction in Higgins and probably had thirty five
groups of people turn up. That's a lot of cars
in a little street. So it's going to be a
busy day, okay.
Speaker 2 (16:46):
Yeah, well we'd love to hear that. That all sounds
fairly positive, which sounds good. Sam, all the best with
your busy day and thanks for joining us again.
Speaker 8 (16:53):
Thanks so much too, but I was speaking again soon.
Speaker 2 (16:54):
Cheers, see you later. That's Sam McGregor, who's principal at
Winrows Properties.
Speaker 3 (16:59):
Well, those are the years we most enjoyed and last
week's Mix one O six point three real Estate Show.
If you love hearing about the latest trends, or you're
just up for a sticky beak, be sure to drop
by for a listen this Saturday between nine and ten
gam and
Speaker 1 (17:12):
Rene's Real Estate Show on Mix one O six point
three
Cavin Renee's Real Estate Show on Mix one oh six
point three be the Envy of Camera Live in de
Burg at Northborne Village by JW. Land now selling Will Cam.
Speaker 2 (00:11):
It's now time for another Mixed onety six point three
real Estate show podcast.
Speaker 3 (00:14):
Yes indeed if you heard us on the radio on Saturday.
Three incredible guests and we get to relive.
Speaker 4 (00:19):
It right now.
Speaker 3 (00:19):
Adam Hobel, who is the principal building designer at Adam
Hobel Design and also author of the book called Nailed It,
joined us to talk about building quotes and what you
need to be a little bit wary of. It was
really interesting as well. He talked more about you gotta
be careful of what's left out.
Speaker 2 (00:36):
Yes, so you obviously need to review and take note
of what is in your building quote, but there can
be some stuff that's left out as well, like you say.
Speaker 3 (00:43):
Really interesting to listen to Kim Horton once again from
Economic Solutions, and we've spoken to him on the show
before and he's talking about this idea of people moving
away from the big capital cities into regional areas and
so we've seen that into places like Wollongong, the bigger
regional places Newcastle, Ballarat, but now it's extending into those
(01:04):
sort of New South Wales and Victoria and also now
Queensland country towns.
Speaker 2 (01:08):
Yeah, and so it sort of started around COVID time
and seems to have continued. And he kind of spoke
about how that's happening here locally and around the country
and some of the potential concerns with that pattern.
Speaker 3 (01:20):
We love when Sam McGregor joins us, also principal at
Windrose Property and he places the local lens on the
National care Logic Hedonic Home Value Index and once again
it's really interesting to hear the bit's the pop out
for him.
Speaker 2 (01:33):
Yeah, and it all sounded pretty positive across the board,
which is great to see, especially when you know it
can be a lot of doom and gloom at times.
But it all sounded pretty positive, which we like.
Speaker 3 (01:43):
To hear things a corgan locally, no doubt about that.
Thank you so much for joining us both on Saturday
if you do live on the radio, and then reliving
it with our podcast right here. All thanks to j
W Land at Mixed one to six point three.
Speaker 2 (01:56):
All right, kem, well, you know that when you were
buying a house it's very exciting. There's lots of layers
as a massive process, but it is exciting to do that.
And when people are building it is exciting as well.
But that also comes with its own processes and layers.
Speaker 3 (02:11):
I suppose it. I mean both are journeys, right yep.
But when you see when you see the foundations laid
or the piece of land cleared first, and then the
footing's go in foundation, right, so and then it comes
up out of the ground and all the bits like
that just must be so exciting if you are building
like that. Absolutely.
Speaker 2 (02:31):
So we're going to find out a little bit more
about all of that and say good morning to Adam Hoble,
who's principal building designer at Adam Hoble Design an author
of the book called Nail It. Adam, good morning, Good
morning guys. Now, look, for anyone who's never gone through
that process, how does a typical building quote come together?
Speaker 3 (02:49):
Because it starts with the quote mate, doesn't it?
Speaker 5 (02:51):
Yeah, yeah, look it does.
Speaker 6 (02:53):
It's a really important process. Obviously, there's a lot of
excitement in the design phase of a project, whether that's
an extension, renovation type project or a new home.
Speaker 4 (03:05):
But things start to get real. When we go through
that quoting process, typically people are building costs tend to
be more than people are hoping. So really important that.
Speaker 6 (03:19):
That quoting process is handled really thoroughly, because otherwise there's
just far too much scope for inconsistency and error and
kind of surprises and more stressed in a line.
Speaker 3 (03:34):
Yeah, yeah, yeah, and so is there lots of conversation
sort of backwards and forwards with builders and architects and
designers about what's included, how much? And then I don't
want that, but I do want that. What does that
conversation look like?
Speaker 6 (03:49):
Well, the documentation that we issue to builders in that
quoting process is obviously really really important. People will be
familiar with the idea of sending out the sort of
draw or four plans to build us to quote now
that will clearly tell the builder.
Speaker 5 (04:07):
Everything they need they need to know.
Speaker 6 (04:08):
About the scope of the project, how big it is,
and what are we building. But the drawings alone leaves
out a whole bunch of information that is critical to
understand what's included, and it leaves the builder guesting on
a whole bunch of things. So imagine we clearly say
that there's two bathroom. So we need to include two
(04:29):
toilets in this project.
Speaker 5 (04:31):
But there's a builder.
Speaker 6 (04:34):
Is it a three hundred dollar toilet or is a
three thousand dollar toilet?
Speaker 5 (04:38):
So we need to give them.
Speaker 6 (04:41):
Instruction and documentations in I guess a schedule that sets
out a whole bunch of allowances. There are dozens of
those allowances in Metha in our kitchen.
Speaker 5 (04:50):
Is a prime example.
Speaker 6 (04:51):
Where a kitchen could be twenty thirty thousand dollars, it
could be eighty or ninety thousand dollars for the journey.
So it's really clear that when we're going out to
multiple builders that they all have clear, accurate and particular
information so that when we receive those quotes, those quotes
are also really clear and consistent.
Speaker 2 (05:09):
Yeah, for sure. And when people are reviewing a building, quote, Adam,
what should they look out for, Well, you.
Speaker 6 (05:18):
Need to mention make sure you go through that process
which is really thorough clear documentation. What are the things
to understand is a lot of people make the mistake
of not understanding what is excluded from the from the quote,
So we want to know what's in the quote. Really
important to understand what is excluded from the quote.
Speaker 3 (05:40):
Okay, and so what are some of the things that
you know, what's an example of that?
Speaker 6 (05:45):
Well, so things like things that often get missed, things
like we see we see on a quote there might
be a wardrobe, but what is the wardrobe?
Speaker 5 (05:55):
What is in that? What is in that wardrobe fit out?
Speaker 6 (05:58):
Is that we're talking about a simple shelf with a
hanging rail or a full joinery fit out, So it's really.
Speaker 5 (06:06):
Digging into the detail. Other things like fees.
Speaker 6 (06:11):
So at the front end of the project, building projects
and care a whole.
Speaker 5 (06:14):
Bunch of government fees and the like, So to understand.
Speaker 6 (06:19):
What of those fees and certifying fees are included and
what is excluded?
Speaker 2 (06:25):
Yeah, all those things, Adam, where's the best place to
get sort of unbiased, you up to date info for
both camera and then surrounding New South Wales too.
Speaker 6 (06:35):
Well, anyone going through this process will be will be
talking to a designer or an architect to help them
for that process. So you just really need to be
talking to those people about how they manage that process.
They will have relationships with builders that they work with
that they can trust and they understand the process. So
(06:57):
it's just really important to work with a team that
has the experience in the areas that you look in.
Speaker 2 (07:03):
You have one hundred percent some very good advice and
tips there. Adam, thank you so much for sharing all
that with us this morning.
Speaker 5 (07:10):
You welcome, guys, have a great weekend.
Speaker 2 (07:11):
Thank you so much. That's Adam hobl who's principal building
designer at Adam Hoble Designment.
Speaker 7 (07:16):
Well Cam.
Speaker 2 (07:17):
When it was the time around COVID, we spoke a
lot about how a lot of people wanted to leave Canberra,
lea the city and move out to more rural areas.
Speaker 3 (07:25):
Didn't we very much so and this was really the
case in the bigger capital cities as well, definitely Sidney,
definitely Melbourne, and we were hearing people buying houses without
obviously visiting. They just go online and just buy, hit
the go button and they just moved to a regional
area just to get away from everything.
Speaker 2 (07:43):
They wanted space and it seems that that has kind
of continued. Yeah, so we're going to get to get
an update and see where that's all that this morning
and say good morning to Kim Horton, director with Economic Solutions.
Good morning Kim and m hi mate. Now look following
COVID We know that many people did move, as we said,
from city to regional areas. Have you seen that continue
(08:04):
as well?
Speaker 7 (08:06):
Yeah, it has, although's kind of stabilized. It's always been
a long term trend. Actually, Sydney has been losing people
to other parts of the country for twenty or thirty years,
long before COVID. Melbourne used to be about line ball
as many people coming in as going out. I think
what really shifted was Sydney's continued losing people. But Melbourne's
not now looking more like Sydney, with more people leaving Melbourne.
Speaker 5 (08:24):
For other parts of the country, and.
Speaker 7 (08:26):
Now Brisbane is looking more like Melbourne. Brisbane always used
to be the main attractive people went to. Now it's more.
It's definitely right. There was a big jump kick up
soon after COVID, particularly in Victoria. Those Melbournians couldn't wait
to get out at Melbourne.
Speaker 8 (08:39):
Victres lifted.
Speaker 7 (08:40):
But and it's still happening, but not not at that
same massive scale that it was in those of the
six or twelve months after COVID.
Speaker 3 (08:45):
Okay, and so people moving out into those regional areas.
Have those towns and areas have they coped with the
influx of the new residents.
Speaker 7 (08:54):
They coped in the sense that the market has generally
pushed the prices up and so people are going further
and further inland. That's that's the pattern that we've observed
over the last of the three or four years. So
initially the main places were, you know, the big population
tenders with similar amenity to the capital, so Geelong, Newcastle, Wollongong,
those sorts of places have done that did really well
early on. But as those price points increase, people started
(09:16):
to move further inland, and so you've seen this ripple
effect really of places seeing an influx of new arrivals.
And it really wasn't on the planning horizon that many
of the state and local governments unfortunately, so the resources
to support that unexpected growth really haven't been that there's
a lot of catch up going on, particularly in the
smaller towns at the moment. They haven't seen some growth
for a while and suddenly they're seeing a bit of
(09:37):
an influx.
Speaker 3 (09:38):
And are they doing a good job in your opinion
of catching up.
Speaker 7 (09:42):
Oh, they're doing as good as they can in retrostrict, right,
I mean, this is the thing if you say you know,
you know it's like in realizing, if you think ahead,
you can get a lot of stuff done. You know,
the kind of the kind of long term planning you've
seen in in Canberra for instance, has been pretty good generallyized.
Some of the infrastructures lagging, but without that longer term thinking,
it becomes it's slow. The catch up takes a lot
longer than some initial rushas. So they're doing okay, but
(10:03):
it can be hard to find, you know, childcare places
or doctors or even housing in some of these places
that have seen a bit of an influx where there
hasn't been any building for a number of years, which
is not uncommon in our smaller inland towns.
Speaker 2 (10:13):
Yeah, and you may have just alluded to this, Kim,
But what's your biggest concern when it comes to people
moving to regional locations.
Speaker 7 (10:19):
Well, I think it's something there's a lot femis are
interested in building or investing. There's a lot of opportunities
in regional centers in particular, but even some of the
smaller regional towns because there's been underbuilding there for ten
to fifteen years generally, particularly strangely the units and townhouses.
The mix in regional places is really skewed towards large
(10:41):
houses on large lots, which which is what people think
people want, but in fact, when we did some fairy
detailed research, at least it's it's townhouses and two bits
of units that are things that are missing from these places.
So there's just a real gaff in the market. So
that's what I'd like to see is a bit more
of a diversity in a housing mix in our regional
smaller places as well as their regional centers.
Speaker 3 (11:02):
So the so called missing medal is also missing in
the regional areas as well.
Speaker 7 (11:06):
It's missing in Dubbo, it's missing in cow Er, it's
missing in Wagga. You know, I'm with this encounter that
there's been a couple of areas, a few areas where
there's been really high entity in regions, and that really
stand out. Nabo's got a i think eight or ten
story apartment block going up, which is so really well,
partly too locals wanting to sort of downsize or resize
and some to people that couldn't find anything else in
Dubos that they wanted. That's really unusual and it took
(11:29):
a lot of an interesting mix of investors to get
that out of the ground that one. But it's an
interesting sign of what the market's actually looking for in
some of these regional places.
Speaker 8 (11:38):
Yep.
Speaker 1 (11:39):
One.
Speaker 2 (11:40):
All right, Kim, Well that was super interesting. Thank you
so much for sharing all that with us this morning.
Speaker 7 (11:45):
It's great, Thanks for Im, Kim.
Speaker 6 (11:46):
Thank you.
Speaker 2 (11:47):
That's Kim Horshon who's director at Economic Solutions. In the meantime, Cam,
we are going to take a local look at another
national property report, which we'd like to do every month
or so to find out what the camber details are
and what's happening here locally.
Speaker 3 (12:03):
Yes, indeed, this is the Core Logic Hedonic Home Value Index.
It's published once a month and it was published through
the week and each month we get to pull out
all the numbers and see what's doing locally as against
what's happening nationally as well.
Speaker 2 (12:16):
Absolutely, And the man who can tell us more is
Sam McGregor, principal at Windrows Property.
Speaker 7 (12:20):
Sam.
Speaker 8 (12:21):
Good morning, a good morning.
Speaker 4 (12:23):
How are we?
Speaker 8 (12:23):
Yeah? Good, thank you.
Speaker 2 (12:24):
Now, look, can you give us an overview of the
Camera market in this latest report?
Speaker 7 (12:29):
Well?
Speaker 8 (12:29):
Absolutely, and really simple and pretty interesting actually for us
this week Rene, so we had in camera a half
a percent price growth across the region, which was split
between about zero point six percent allocating to presenting dwellings
how does this and point two percent to our compartments
leaving the average property value and camera just to touch over,
(12:51):
it's sixty last night.
Speaker 3 (12:53):
Okay, And so was there anything As you open these
reports up and you go through them, I would imagine
there's some go to numbers for you that you look at,
and then there's other bits.
Speaker 7 (13:04):
That sort of pop out.
Speaker 3 (13:05):
What was the surprise for you this time around?
Speaker 8 (13:08):
Well, there's probably two things. The first one is that
the market across the country has had significant growth across July,
but more importantly locally for US half a percent growth
in the month of July is it's outstanding to see
and actually shows that the market is very strong. If
you think, you know, average that out over a year,
(13:31):
we're over five percent, six percent that would be, which
is a pretty strong price growth for what is actually,
without a doubt, the most miserable month of the year,
or at least so far.
Speaker 3 (13:40):
And this is exactly where I was going because July
is usually pretty slow, right, but we're seeing this. It's
opposite to what usually happens, both locally and nationally.
Speaker 8 (13:51):
That's exactly right. Well, traditionally July and augustumber this last month,
July being the middle of winter, so it's going to
be pretty pretty rubbish to be out looking at her
if you're a buyer and not ideal like you're a seller.
And then August, obviously most people would say, well, we're here,
we might as well hold off until spring. And so
to see that kind of price growth in the depths
of winter is pretty significant, and it's pretty significant indicator
(14:12):
to show that the market's actually go strong.
Speaker 2 (14:14):
And what do you put it down.
Speaker 8 (14:15):
To, Well, there's a couple of things. There's definitely a
lot of positivity from buyers in the market that will
probably come out of the worst in terms of economic stuff,
if I could just be that simple.
Speaker 5 (14:27):
There's a bit of.
Speaker 8 (14:28):
Boldness that there'll be an RBA rate cut in August
and then probably another one to three by the end
of the year, depending who you talk to them where
you read. But the interesting thing is it's really just
by saying there's never been a better time to buy.
The other thing is, of course that there's a bit
of confidence. And then we spoke about this last time
post election where everyone's settled in, We've got some new
(14:51):
policies coming our way, and maybe things are being managed
how they're going to be for the foreseeable future. So
it's a good time if you look at a buy
to be a buyer, and that's reflected in the numbers.
Speaker 3 (14:59):
It's really interesting though as well, though, because you know
post act budget where things are, it's just like, come on.
And then that was you know, a week later, there
was no interest rate cut, and so I think the
feeling for at least a week and a half or
two weeks was like, oh, here we go again, like
we're on the way down. But then these these reports
come out and it's just completely opposite locally anyway.
Speaker 8 (15:22):
Well, now that's exactly right, And it's kind of interesting
that inflation data came out.
Speaker 5 (15:27):
It was a couple of days ago, and.
Speaker 8 (15:28):
Now everyone was sort of saying, well, look, we probably
deserved the rate cut last last quarter or a month
or whatever it is that they were looking at. So
the numbers are there and stacking up, and I think
that's probably again to see that sort of growth in
July is significant, to see it off the back of
maybe a little bit of doom and bloom from the
RBA about what's going on in the market. It's also
significant it shows the camera's a great place to live
(15:49):
in own property, to be honest, because if it's so good,
so to speak, economically for us and as buyers to
be out buying property this time of year, we've got
a pretty.
Speaker 5 (15:58):
Good, beautiful, very lucky.
Speaker 3 (16:00):
Yeah yeah, yeah.
Speaker 7 (16:01):
And so Tomy, have.
Speaker 3 (16:02):
You got a busy day yourself?
Speaker 8 (16:03):
Like you know, we talked.
Speaker 3 (16:04):
About things being you know, sort of heating up and
being sort of a little bit hotter for this time
of the year. How about yourself for today?
Speaker 8 (16:13):
But absolutely, I think I'll probably be out showing nine
or ten homes across the office, will probably show over
twenty at There's an interesting phenomenon happening at the moment
where there's a lot of money flowing to the market
between about seven fifteen one million bucks and if you're
sort of looking at houses in the Belcanum area that's
sort of price back in Gongan, there are a lot
(16:34):
of buys around last weekend, I think I had we
ran an auction in Higgins and probably had thirty five
groups of people turn up. That's a lot of cars
in a little street. So it's going to be a
busy day, okay.
Speaker 2 (16:46):
Yeah, well we'd love to hear that. That all sounds
fairly positive, which sounds good. Sam, all the best with
your busy day and thanks for joining us again.
Speaker 8 (16:53):
Thanks so much too, but I was speaking again soon.
Speaker 2 (16:54):
Cheers, see you later. That's Sam McGregor, who's principal at
Winrows Properties.
Speaker 3 (16:59):
Well, those are the years we most enjoyed and last
week's Mix one O six point three real Estate Show.
If you love hearing about the latest trends, or you're
just up for a sticky beak, be sure to drop
by for a listen this Saturday between nine and ten
gam and
Speaker 1 (17:12):
Rene's Real Estate Show on Mix one O six point
three
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