November 9, 2025 • 17 mins
- Bushy Martin from KnowHow Property Finance weighs up Insure-ability and Value-ability and answers the question - Why insurance cover is the new location & property value driver
- We discover Earth Homes with Anthony Burke, Architecture Professor and host of the ABC’s Grand Designs Australia
- Sam McGregor, Principal, Windrose Property takes a look at a national property report through a local lens
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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 and
we are back for another Mixed one six point three
real estate show podcasts.
Speaker 2 (00:14):
Yeah, three really interesting guests on the show when we
went live to wear on Saturday. Now we get to
relive the whole thing as a part of our podcast.
Speaker 3 (00:22):
Yes.
Speaker 1 (00:22):
One of which Bushy Martin from Know How Property Finance
was talking about insurance cover and why it's a new
location and property value driver.
Speaker 2 (00:30):
This was a very interesting conversation and he talked about
the idea of climate change, you know, and having an
effect on properties that are in areas that are coppying
it and constantly copying it now and how some houses
are going to cost more to ensure so that then
has a flow on effect to how much you actually
buy and sell it.
Speaker 1 (00:47):
For and it can make a big difference, different, huge difference,
so important to do the research there. We also had
a very special guest on the show, Anthony Burke, who's
the host of many things, one of which is Grand
Designs Australia and my partner and I were recently watching
an episode about earth ship homes, and so he explained
to us what an earth ship home is and a
(01:07):
couple of the other types as well.
Speaker 4 (01:09):
Yeah.
Speaker 2 (01:09):
So the conversation also turned for a moment into earth
berms and so yeah, yeah, absolutely right. And it's incredibly
interesting to hear what people are doing to sort of
weather proof and climate proof their homes.
Speaker 1 (01:21):
Yes, it's really interesting chat there. And we also spoke
to Sam McGregor from Winro's Property about the latest cotality
report and what it means for Canberra and he spoke
a lot about the changes for first home buyers that
kicked in at the beginning of October and the significant
impact they're having on the market at the moment.
Speaker 2 (01:38):
Thank you again for joining us. That's what you can
expect to hear with the podcast for this week thanks
to JW Land Mixed one of six point three Renee.
I know we've already done this this morning, but we're
going to do it again. Okay now why Well.
Speaker 1 (01:54):
Ricky Martin, who's singing there is in Canberra JO for
a big show tonight. I'm going can't wait. But now
we're about to speak to the Ricky Martin of real
Estate None other than Bushie Martin, probably his long lost
cousin or something from No How Property Finance. Bushy, good morning,
were you singing along there?
Speaker 5 (02:11):
I was, guys, and that's a massive compliment. I wish
I had his moves in his voice. But we'll see
how we go.
Speaker 1 (02:19):
Oh well, thank you so much for joining us again
this morning. We're going to chat about why insurance cover
is a new location and property value driver. Now, Bushy,
tell us why is that the case?
Speaker 5 (02:31):
Yeah, well, there's a bit of a bit of a
hidden shit, guys, And what used to be an art
support has now become the new deal break when it
comes to property because insurability is now the new interest rate.
We're moving from can I afford the loan? So can
I afford the insurance because premiums have gone up faster
than a Brumbi's winger with the tailwin, guys, and increasingly
(02:51):
extreme weather events are actually the main culprit, with disasters
actually costing four point five billion dollars a year now,
so more floods, fires, worms, and hail means reinsurers are
actually jacking up costs.
Speaker 6 (03:03):
Like a treade on double time.
Speaker 5 (03:05):
So insurers are increasingly slicing the map into micro zones
of risk where once read or property gets the thumbs up, well,
the next one can be red flagged and repriced if
it can be insured at all in some cases and
potentially means that you can have two houses nearby with
the same floor plaint and the same bricks, but one
cost twice as much as the other. So if it's
not just a policy problem, it's a property value problem.
Speaker 6 (03:27):
So don't buy what looks.
Speaker 5 (03:29):
Like a bargain but actually comes with a premium insurance
tax after the event.
Speaker 2 (03:33):
Okay, so this is very much a research thing. I
would imagine there's sort of areas and regions as well.
I know with the multiple floods over the last couple
of decades in the Lismore area up north as so
it's not just individual properties as whole regions as well.
Speaker 6 (03:49):
Is that correct? One hundudercent? So it goes from region
to postcode to property. It's that level.
Speaker 5 (03:54):
We're at a point now where we need to ring
insurance and see whether one will they ensure this property
supremium going to look like, because that's a sign of things.
Speaker 1 (04:03):
To come, and I'm assuming that's the kind of things
that need to be declared, you know when someone is
selling a home right.
Speaker 6 (04:10):
To some degree.
Speaker 5 (04:11):
Yes, it depends on where you're at as far as
that goes Renee. Yeah, and there's definitely some things that
buyers really need to start doing differently now, guys. So
you know you need to treat insurability as your first field,
not a nervous afterthought. And I often say, you know,
I'm big on acronyms, so you need to smile more.
Where smile breaks down into the five steps that buyers
(04:34):
now need to take. So S is for seed quotes,
so you get at least three binding insurance quite on
the exact address, not the neighbors.
Speaker 6 (04:42):
Next M is for map the risks.
Speaker 5 (04:44):
So pull up the three flood bush fire on how
maps on the web. Because in the act is you
know how it hits harder than the magpie in September.
So you need to check your roof and your risk
zone and eyes will inspect the policy. So read the
fine print, the excesses, the exclusions and the caps and
if it make she queasy, then the address is risky.
Speaker 6 (05:02):
And that brings us to well, which is look for resilience.
Speaker 5 (05:04):
Ask what's been done to strengthen it look for storm shutters,
drainage and berguards, et cetera. Because they don't just save lives,
they actually shave premiums and finally ease to estimate the shock.
So add up to one hundred percent of your current
premium in your budget if the numbers still stack up right.
If it's not, then keep looking. So in essence, you
just need to smile before you sign. Oh you're going
(05:26):
to be left crying atter settlement these days, guys.
Speaker 2 (05:28):
Wow, okay, So, and so you know when we wrap
all this up, does this insurance ability does it have
a bearing on the value of properties? Like you said,
you know, one house is there and one house is
two doors down. Look very similar, but it's very different
as far as the value is concerned.
Speaker 6 (05:46):
So does it have a bearing? Absolutely?
Speaker 5 (05:49):
Debt already is and insurability has increasingly become the hidden
hand behind property prices, guys. So markets are already discounting
homes that are hard or costly to ensure, and paying
a resilience premium for places that prove they can actually
take a hit.
Speaker 6 (06:04):
So we're already.
Speaker 5 (06:04):
Seeing homes in flood or fire zone selling for less,
sometimes at one hundred grand less because buyers and banks
are factoring insurability and the ongoing cost of cover.
Speaker 6 (06:13):
So you think that like this, if the insurer.
Speaker 5 (06:15):
Doesn't want it, eventually they buyer won't either. And that's
not just about cost, that's about confidence. So if you
can't get full cover, then you can't get full value.
Speaker 6 (06:23):
And that means.
Speaker 5 (06:24):
That before you fall in love with the inside, fall
in love with the insurance, because in today's.
Speaker 6 (06:28):
Market, you can't ensure, you can't secure it.
Speaker 5 (06:30):
So a cheap house with an expensive insurance is like
buying a tessel with no engine.
Speaker 6 (06:34):
Might look good, but it's going to go nowhere.
Speaker 1 (06:36):
Yeah, gotcha. Very interesting and I think that's a factor
that many people probably wouldn't consider we're doing their research
at the start, would they? Bushy? That was very interesting
and some really good advice there. Thank you so much
for joining us this morning.
Speaker 5 (06:49):
As always always, guys, enjoy the weekend you two.
Speaker 1 (06:52):
Cheers, Bushy Martin from No How Property Finance. Their smile
was that what you mentioned there? Acronym yep, all.
Speaker 6 (07:00):
Right and don't forget.
Speaker 2 (07:01):
You can hear and see more from Bushy on the
property Hub, a YouTube channel, or just bushymartin dot com
dot Au slash podcasts.
Speaker 1 (07:08):
Great, simple, Well KEM my partner and I love watching
Grand Designs Australia.
Speaker 6 (07:13):
You've mentioned it many times.
Speaker 1 (07:15):
Yes, I come in and I say can we watched
another episode this time and recently they were talking about
earth homes or earthship homes.
Speaker 6 (07:21):
Had you ever heard of that before?
Speaker 2 (07:22):
I've heard of the home and I sort of understand it,
I think, but I have done a little bit of
poking around and research this week and it's like, oh
my god.
Speaker 1 (07:31):
Yes, so we need to dig down and find out
more about this. Anthony Burke is, of course, the host
of ABC's Grand Designs Australia. Anthony, Good morning, Good morning Renee.
Speaker 5 (07:41):
How are you doing.
Speaker 1 (07:42):
Yes, good, Thank you so much for joining us. Can
you just start off by giving us a brief description
of an earth home or an earthship home.
Speaker 6 (07:49):
Yeah.
Speaker 4 (07:50):
Look, at ernship is something that was designed in the
nineteen seventies. It's a sustainable, off grid, fully self contained
home that's designed to get rid of those energy bills
and basically provide all the energy it needs from the
local environment around it. And you know, it's got lots
of things that make that happen. But they're really an
interesting invention from the nineteen seventies in America, and you.
Speaker 1 (08:11):
Mentioned that they are from the seventies in America. Is
it something that people I mean, obviously you guys covered
it on the show. Are you seeing kind of more
and more of it coming out these days in the
present day.
Speaker 4 (08:22):
Yeah, what's happening is, you know, people are looking for
all sorts of ways to be more sustainable, and they
want to do that cheaply affordably because.
Speaker 6 (08:29):
It can cost a lot of money.
Speaker 4 (08:30):
So in that sense, people are looking back to earthships
and the principles that they use to be sustainable and
looking for ways to incorporate them in contemporary builds. So
some people are doing, you know, full on earthship builds
like Matt and Kate down Insignet they were on the show, yep,
and others are kind of taking the principles from earthships
and using parts of them to do to upgrade their.
Speaker 6 (08:51):
Homes if you like.
Speaker 2 (08:52):
So, what are some of the features that you might
see in one of these homes.
Speaker 4 (08:56):
Well, first that the biggest thing is you want to
gather all of that great passive solar energy, so you've
got usually a lot of north facing glass, and that
means the other two or three sides of the house
are usually sort of backed into the earth in some way.
That's why they're called earth ships. So they sort of
have a very stable temperature from the earth that mounds
up around three sides of the house, while the other side,
(09:19):
the fourth side, really faces the sun and is like
a big heat engine, you know. It heats and cools
the house passively. So you'll always see that big sort
of long line of glass, and you'll get usually behind
that a garden corridor with a lot of greenery growing
in there, and that helps recycle the gray water that
comes from your shower.
Speaker 6 (09:36):
And you sink and that kind of stuff.
Speaker 4 (09:38):
And I guess the other thing you'll probably see you
won't see so much, but it's happening in an earthship
these things called earth tubes, and they basically just a
pipe there's about a meter underground that runs out to
a part of the garden and then comes back up
into the house, and that just actually uses the ambient
temperature to equalize whether it's hot or cold, to stabilize
(09:58):
the temperature and have a constant temperature in the home
with no energy use at all.
Speaker 6 (10:03):
It's amazing.
Speaker 2 (10:03):
And so we saw on one of your recent shows
also you're in the Yes area and you're speaking about
an earth berm, So yeah, is there a difference.
Speaker 6 (10:14):
There is a bit of a difference.
Speaker 4 (10:15):
An earthbom is a type of construction, so that's really
like a semi underground house you're building, you know, literally
a kind of a cave if you like, whereas an
earthship really comes from all the sustainability principles that were
really hot, the hot topic in the seventies because of
the oil crisis and all that kind of stuff, and
of course which are very relevant again today. So there
(10:35):
is a little bit of a difference, but they share
a lot of really good benefits, like those kind of
stable temperatures, like a lot of more greenery in and
around your home a lot, and both of them try
as much as possible to be passive, which means no
cost in that energy kind of equation, if you like.
Speaker 1 (10:52):
Yeah, and you talk about temperatures, Anthony, obviously, where we
are here in Canberra and surrounds, we experience those extremes, right,
so extreme winter, all of those things, we get it
all here. And so do you think it'd be really
worthwhile for people listening who are interested in this sort
of thing to look up some of those principles of
earthship homes earth burm homes and to see if they
(11:13):
can incorporate any of that if they're going to be
building a home here locally.
Speaker 6 (11:17):
Absolutely one hundred percent.
Speaker 4 (11:18):
There are some really great fundamental ideas that the airthships
sort of embody about building sustainably.
Speaker 6 (11:24):
And you know, for us, there's two things there.
Speaker 4 (11:26):
One is it's affecting the sort of way you think
about the design of your home, the feel and the
look of your home. But it's also about the lowering
the costs of building a home and doing it.
Speaker 6 (11:37):
There's a lot of it is really.
Speaker 4 (11:38):
Manual labor for earthships, so there's a lot of ways
to save money by looking at earthships. I mean, suppose
the thing that comes with it is you've got to
be ready to kind of get involved if you're going
to do an airthship, because it takes a bit of work,
as you would have seen from Matt and Kate Insignet.
Speaker 6 (11:50):
Now, yeah, absolutely all right, make well.
Speaker 2 (11:51):
I know Renee has been very excited in the lead
up to have you on the show. Thank you so
much for coming on and sharing that because it's quite
It's very interesting, isn't it. You must I've seen some
interesting stuff in your travels doing the show, but this
must be sort of top level for you.
Speaker 6 (12:06):
I love this stuff, you know.
Speaker 4 (12:08):
This is my total architecture nerd brain going crazy right ideas,
and I love to say that people are just leaning
into it and having.
Speaker 6 (12:15):
A go, you know.
Speaker 1 (12:16):
Yep, yep, one hundred percent. Anthony Will, It's been a
pleasure to have you on. Thank you so much for
your time this morning and explaining that to us. We
really appreciate it.
Speaker 6 (12:23):
No problem. Great to talk to you both.
Speaker 1 (12:25):
Yeah, cheers, Thanks so much. Anthony Burke, architecture professor, as
you said, his nerd brain was going off there and
host of Grand Sign's Australia Restoration Australia many many other titles.
Speaker 4 (12:35):
Well.
Speaker 1 (12:36):
CAM About once a month or so we like to
shine the local lens on a national property report, in
this case the Totality Home Valued Index to find out
what that shows for camera at the moment, and Sam McGregor,
who's the principal at Winrows Property, can share that with us.
Speaker 3 (12:51):
Sam Good morning, Renee good morning.
Speaker 6 (12:54):
How are you good?
Speaker 5 (12:55):
Now?
Speaker 1 (12:55):
Look, can you give us an overview of what this
report shows for camera?
Speaker 3 (13:00):
Look, I certainly can. It's a really interesting one to
me this week, and I'm looking forward to explaining why
we saw price growth of about ero point seven percent
in October, which is pretty significant. You know when you think,
if you analize that, that's about eight and a half
percent a year, So a pretty strong month in October.
Speaker 1 (13:19):
Okay, what do you put that down to?
Speaker 3 (13:21):
Well, it's I think it's actually really simple one this month,
and when I got the data through, I didn't even
need to look at it to know that that's exactly
what was happening. There's no date in my mind that
a lot of that, or if not all of it,
to be honest, is driven by changes in the federal
government policy, so opening up the market generally between seven
to fifteen one million dollars for first home buyers by
(13:45):
changing or the government at the moment, they're giving guarantees
over five percent deposits up to a million dollar purchase
for a first home buyer, and there's no stamp duty
up to million.
Speaker 6 (13:54):
Dollars as well.
Speaker 3 (13:54):
So that was new as of the first of October
and to be quite frank, as little fire under the
market between the seven fifteen a million dollar brack app.
Speaker 2 (14:02):
And are you seeing with people who are owning those properties,
are they now having conversations about Okay, so we weren't
really looking to move before, but now maybe we have
a little bit more sort of buying power, maybe we
might look at this and so, you know, upgrading to
a bigger place.
Speaker 3 (14:19):
Okay, And that's exactly right. You've hit the nail on
the head. I think there's a lot of people around
that are seeing some of those results, and we saw
them sort of that even at the end of September,
we started to see pressure on prices because theres a
lot of people saying, well, as soon as this scheme
comes in, it's.
Speaker 6 (14:33):
Going to light a fire into the market. So there was.
Speaker 3 (14:35):
Pressure then and obviously that's happening now. So yeah, there's
definitely a lot of people saying, well, look my house
that was worth seven hundred and fifty zerousand, I might
get eight hundred and fifty nine hundred four today. And
they are the conversations that we're having. It is what's happening.
So then a lot of those people saying well maybe
it's time to selling an upgrade.
Speaker 1 (14:51):
Yeah, and so those changes you mentioned for first time
buy is only kicked in just over a month ago,
so really recent, but it's already had that much of
an impact in what is really a short space of time.
Speaker 3 (15:02):
Yeah, yeah, that's exactly right. Right, It's had a really
significant impact, and to be honest, I think it's going
to continue. We saw it for the last eighteen months.
I'd say where it wouldn't be uncommon for us to
sell a house that you might consider an entry level home,
so like an entry level free standing home, three bedrooms,
two bathrooms, small blocks, something like that, and you would
(15:22):
get ten offers at seven fifty and every single person
would say, I can't pay seven to fifty one because
if I do, I lose my first time buyer grants.
Speaker 6 (15:31):
And then so as soon as they.
Speaker 3 (15:33):
Made that change, suddenly it wasn't a cap on these grants.
It was okay, well, now I actually can afford this,
and I do see the value. It's probably worth saying
that it's a significant saving for first home buyers. It
works out to be about one hundred thousand dollars out
of the upfront costs a million dollar purchase.
Speaker 1 (15:51):
And that's nothing to sneeze out when you're at any buyer,
but let alone a first home buyer. Is it goodness me?
Speaker 3 (15:57):
Yeah, that's exactly right. It's a really really significant policy shift.
Speaker 6 (16:01):
But to me, what it.
Speaker 3 (16:02):
Does mean is that if we look at the cycle
of I suppose that the housing market as a quock,
and you know, six o'clock at the bottom is the
bottom of the market. We're probably at that seven or
eight o'clock now where things are on the way up.
And it's because, as Cam just absolutely nailed, when the
money flows into that entry level bracket, yeah, it then
(16:23):
slowly is going to flow into the next backet where
people are upsizing, and off we go. We're doing the
loop again.
Speaker 1 (16:27):
Yeah, absolutely, Well, it all, it all makes sense, and
it all sounds fairly fairly positive. Absolutely, Sam. Well, we
could talk to you about this for much, much longer,
but we will have to leave it there. But thank
you so much for your time this morning.
Speaker 3 (16:40):
My pleasure is always from a camp. Have a good weekend.
Speaker 1 (16:42):
You to cheers. Sam McGregor, who's the principal win Rose property.
Speaker 2 (16:45):
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 beek, be sure to drop
by for a listen this Saturday between nine and ten
Cam and
Speaker 1 (16:59):
Renee 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 and
we are back for another Mixed one six point three
real estate show podcasts.
Speaker 2 (00:14):
Yeah, three really interesting guests on the show when we
went live to wear on Saturday. Now we get to
relive the whole thing as a part of our podcast.
Speaker 3 (00:22):
Yes.
Speaker 1 (00:22):
One of which Bushy Martin from Know How Property Finance
was talking about insurance cover and why it's a new
location and property value driver.
Speaker 2 (00:30):
This was a very interesting conversation and he talked about
the idea of climate change, you know, and having an
effect on properties that are in areas that are coppying
it and constantly copying it now and how some houses
are going to cost more to ensure so that then
has a flow on effect to how much you actually
buy and sell it.
Speaker 1 (00:47):
For and it can make a big difference, different, huge difference,
so important to do the research there. We also had
a very special guest on the show, Anthony Burke, who's
the host of many things, one of which is Grand
Designs Australia and my partner and I were recently watching
an episode about earth ship homes, and so he explained
to us what an earth ship home is and a
(01:07):
couple of the other types as well.
Speaker 4 (01:09):
Yeah.
Speaker 2 (01:09):
So the conversation also turned for a moment into earth
berms and so yeah, yeah, absolutely right. And it's incredibly
interesting to hear what people are doing to sort of
weather proof and climate proof their homes.
Speaker 1 (01:21):
Yes, it's really interesting chat there. And we also spoke
to Sam McGregor from Winro's Property about the latest cotality
report and what it means for Canberra and he spoke
a lot about the changes for first home buyers that
kicked in at the beginning of October and the significant
impact they're having on the market at the moment.
Speaker 2 (01:38):
Thank you again for joining us. That's what you can
expect to hear with the podcast for this week thanks
to JW Land Mixed one of six point three Renee.
I know we've already done this this morning, but we're
going to do it again. Okay now why Well.
Speaker 1 (01:54):
Ricky Martin, who's singing there is in Canberra JO for
a big show tonight. I'm going can't wait. But now
we're about to speak to the Ricky Martin of real
Estate None other than Bushie Martin, probably his long lost
cousin or something from No How Property Finance. Bushy, good morning,
were you singing along there?
Speaker 5 (02:11):
I was, guys, and that's a massive compliment. I wish
I had his moves in his voice. But we'll see
how we go.
Speaker 1 (02:19):
Oh well, thank you so much for joining us again
this morning. We're going to chat about why insurance cover
is a new location and property value driver. Now, Bushy,
tell us why is that the case?
Speaker 5 (02:31):
Yeah, well, there's a bit of a bit of a
hidden shit, guys, And what used to be an art
support has now become the new deal break when it
comes to property because insurability is now the new interest rate.
We're moving from can I afford the loan? So can
I afford the insurance because premiums have gone up faster
than a Brumbi's winger with the tailwin, guys, and increasingly
(02:51):
extreme weather events are actually the main culprit, with disasters
actually costing four point five billion dollars a year now,
so more floods, fires, worms, and hail means reinsurers are
actually jacking up costs.
Speaker 6 (03:03):
Like a treade on double time.
Speaker 5 (03:05):
So insurers are increasingly slicing the map into micro zones
of risk where once read or property gets the thumbs up, well,
the next one can be red flagged and repriced if
it can be insured at all in some cases and
potentially means that you can have two houses nearby with
the same floor plaint and the same bricks, but one
cost twice as much as the other. So if it's
not just a policy problem, it's a property value problem.
Speaker 6 (03:27):
So don't buy what looks.
Speaker 5 (03:29):
Like a bargain but actually comes with a premium insurance
tax after the event.
Speaker 2 (03:33):
Okay, so this is very much a research thing. I
would imagine there's sort of areas and regions as well.
I know with the multiple floods over the last couple
of decades in the Lismore area up north as so
it's not just individual properties as whole regions as well.
Speaker 6 (03:49):
Is that correct? One hundudercent? So it goes from region
to postcode to property. It's that level.
Speaker 5 (03:54):
We're at a point now where we need to ring
insurance and see whether one will they ensure this property
supremium going to look like, because that's a sign of things.
Speaker 1 (04:03):
To come, and I'm assuming that's the kind of things
that need to be declared, you know when someone is
selling a home right.
Speaker 6 (04:10):
To some degree.
Speaker 5 (04:11):
Yes, it depends on where you're at as far as
that goes Renee. Yeah, and there's definitely some things that
buyers really need to start doing differently now, guys. So
you know you need to treat insurability as your first field,
not a nervous afterthought. And I often say, you know,
I'm big on acronyms, so you need to smile more.
Where smile breaks down into the five steps that buyers
(04:34):
now need to take. So S is for seed quotes,
so you get at least three binding insurance quite on
the exact address, not the neighbors.
Speaker 6 (04:42):
Next M is for map the risks.
Speaker 5 (04:44):
So pull up the three flood bush fire on how
maps on the web. Because in the act is you
know how it hits harder than the magpie in September.
So you need to check your roof and your risk
zone and eyes will inspect the policy. So read the
fine print, the excesses, the exclusions and the caps and
if it make she queasy, then the address is risky.
Speaker 6 (05:02):
And that brings us to well, which is look for resilience.
Speaker 5 (05:04):
Ask what's been done to strengthen it look for storm shutters,
drainage and berguards, et cetera. Because they don't just save lives,
they actually shave premiums and finally ease to estimate the shock.
So add up to one hundred percent of your current
premium in your budget if the numbers still stack up right.
If it's not, then keep looking. So in essence, you
just need to smile before you sign. Oh you're going
(05:26):
to be left crying atter settlement these days, guys.
Speaker 2 (05:28):
Wow, okay, So, and so you know when we wrap
all this up, does this insurance ability does it have
a bearing on the value of properties? Like you said,
you know, one house is there and one house is
two doors down. Look very similar, but it's very different
as far as the value is concerned.
Speaker 6 (05:46):
So does it have a bearing? Absolutely?
Speaker 5 (05:49):
Debt already is and insurability has increasingly become the hidden
hand behind property prices, guys. So markets are already discounting
homes that are hard or costly to ensure, and paying
a resilience premium for places that prove they can actually
take a hit.
Speaker 6 (06:04):
So we're already.
Speaker 5 (06:04):
Seeing homes in flood or fire zone selling for less,
sometimes at one hundred grand less because buyers and banks
are factoring insurability and the ongoing cost of cover.
Speaker 6 (06:13):
So you think that like this, if the insurer.
Speaker 5 (06:15):
Doesn't want it, eventually they buyer won't either. And that's
not just about cost, that's about confidence. So if you
can't get full cover, then you can't get full value.
Speaker 6 (06:23):
And that means.
Speaker 5 (06:24):
That before you fall in love with the inside, fall
in love with the insurance, because in today's.
Speaker 6 (06:28):
Market, you can't ensure, you can't secure it.
Speaker 5 (06:30):
So a cheap house with an expensive insurance is like
buying a tessel with no engine.
Speaker 6 (06:34):
Might look good, but it's going to go nowhere.
Speaker 1 (06:36):
Yeah, gotcha. Very interesting and I think that's a factor
that many people probably wouldn't consider we're doing their research
at the start, would they? Bushy? That was very interesting
and some really good advice there. Thank you so much
for joining us this morning.
Speaker 5 (06:49):
As always always, guys, enjoy the weekend you two.
Speaker 1 (06:52):
Cheers, Bushy Martin from No How Property Finance. Their smile
was that what you mentioned there? Acronym yep, all.
Speaker 6 (07:00):
Right and don't forget.
Speaker 2 (07:01):
You can hear and see more from Bushy on the
property Hub, a YouTube channel, or just bushymartin dot com
dot Au slash podcasts.
Speaker 1 (07:08):
Great, simple, Well KEM my partner and I love watching
Grand Designs Australia.
Speaker 6 (07:13):
You've mentioned it many times.
Speaker 1 (07:15):
Yes, I come in and I say can we watched
another episode this time and recently they were talking about
earth homes or earthship homes.
Speaker 6 (07:21):
Had you ever heard of that before?
Speaker 2 (07:22):
I've heard of the home and I sort of understand it,
I think, but I have done a little bit of
poking around and research this week and it's like, oh
my god.
Speaker 1 (07:31):
Yes, so we need to dig down and find out
more about this. Anthony Burke is, of course, the host
of ABC's Grand Designs Australia. Anthony, Good morning, Good morning Renee.
Speaker 5 (07:41):
How are you doing.
Speaker 1 (07:42):
Yes, good, Thank you so much for joining us. Can
you just start off by giving us a brief description
of an earth home or an earthship home.
Speaker 6 (07:49):
Yeah.
Speaker 4 (07:50):
Look, at ernship is something that was designed in the
nineteen seventies. It's a sustainable, off grid, fully self contained
home that's designed to get rid of those energy bills
and basically provide all the energy it needs from the
local environment around it. And you know, it's got lots
of things that make that happen. But they're really an
interesting invention from the nineteen seventies in America, and you.
Speaker 1 (08:11):
Mentioned that they are from the seventies in America. Is
it something that people I mean, obviously you guys covered
it on the show. Are you seeing kind of more
and more of it coming out these days in the
present day.
Speaker 4 (08:22):
Yeah, what's happening is, you know, people are looking for
all sorts of ways to be more sustainable, and they
want to do that cheaply affordably because.
Speaker 6 (08:29):
It can cost a lot of money.
Speaker 4 (08:30):
So in that sense, people are looking back to earthships
and the principles that they use to be sustainable and
looking for ways to incorporate them in contemporary builds. So
some people are doing, you know, full on earthship builds
like Matt and Kate down Insignet they were on the show, yep,
and others are kind of taking the principles from earthships
and using parts of them to do to upgrade their.
Speaker 6 (08:51):
Homes if you like.
Speaker 2 (08:52):
So, what are some of the features that you might
see in one of these homes.
Speaker 4 (08:56):
Well, first that the biggest thing is you want to
gather all of that great passive solar energy, so you've
got usually a lot of north facing glass, and that
means the other two or three sides of the house
are usually sort of backed into the earth in some way.
That's why they're called earth ships. So they sort of
have a very stable temperature from the earth that mounds
up around three sides of the house, while the other side,
(09:19):
the fourth side, really faces the sun and is like
a big heat engine, you know. It heats and cools
the house passively. So you'll always see that big sort
of long line of glass, and you'll get usually behind
that a garden corridor with a lot of greenery growing
in there, and that helps recycle the gray water that
comes from your shower.
Speaker 6 (09:36):
And you sink and that kind of stuff.
Speaker 4 (09:38):
And I guess the other thing you'll probably see you
won't see so much, but it's happening in an earthship
these things called earth tubes, and they basically just a
pipe there's about a meter underground that runs out to
a part of the garden and then comes back up
into the house, and that just actually uses the ambient
temperature to equalize whether it's hot or cold, to stabilize
(09:58):
the temperature and have a constant temperature in the home
with no energy use at all.
Speaker 6 (10:03):
It's amazing.
Speaker 2 (10:03):
And so we saw on one of your recent shows
also you're in the Yes area and you're speaking about
an earth berm, So yeah, is there a difference.
Speaker 6 (10:14):
There is a bit of a difference.
Speaker 4 (10:15):
An earthbom is a type of construction, so that's really
like a semi underground house you're building, you know, literally
a kind of a cave if you like, whereas an
earthship really comes from all the sustainability principles that were
really hot, the hot topic in the seventies because of
the oil crisis and all that kind of stuff, and
of course which are very relevant again today. So there
(10:35):
is a little bit of a difference, but they share
a lot of really good benefits, like those kind of
stable temperatures, like a lot of more greenery in and
around your home a lot, and both of them try
as much as possible to be passive, which means no
cost in that energy kind of equation, if you like.
Speaker 1 (10:52):
Yeah, and you talk about temperatures, Anthony, obviously, where we
are here in Canberra and surrounds, we experience those extremes, right,
so extreme winter, all of those things, we get it
all here. And so do you think it'd be really
worthwhile for people listening who are interested in this sort
of thing to look up some of those principles of
earthship homes earth burm homes and to see if they
(11:13):
can incorporate any of that if they're going to be
building a home here locally.
Speaker 6 (11:17):
Absolutely one hundred percent.
Speaker 4 (11:18):
There are some really great fundamental ideas that the airthships
sort of embody about building sustainably.
Speaker 6 (11:24):
And you know, for us, there's two things there.
Speaker 4 (11:26):
One is it's affecting the sort of way you think
about the design of your home, the feel and the
look of your home. But it's also about the lowering
the costs of building a home and doing it.
Speaker 6 (11:37):
There's a lot of it is really.
Speaker 4 (11:38):
Manual labor for earthships, so there's a lot of ways
to save money by looking at earthships. I mean, suppose
the thing that comes with it is you've got to
be ready to kind of get involved if you're going
to do an airthship, because it takes a bit of work,
as you would have seen from Matt and Kate Insignet.
Speaker 6 (11:50):
Now, yeah, absolutely all right, make well.
Speaker 2 (11:51):
I know Renee has been very excited in the lead
up to have you on the show. Thank you so
much for coming on and sharing that because it's quite
It's very interesting, isn't it. You must I've seen some
interesting stuff in your travels doing the show, but this
must be sort of top level for you.
Speaker 6 (12:06):
I love this stuff, you know.
Speaker 4 (12:08):
This is my total architecture nerd brain going crazy right ideas,
and I love to say that people are just leaning
into it and having.
Speaker 6 (12:15):
A go, you know.
Speaker 1 (12:16):
Yep, yep, one hundred percent. Anthony Will, It's been a
pleasure to have you on. Thank you so much for
your time this morning and explaining that to us. We
really appreciate it.
Speaker 6 (12:23):
No problem. Great to talk to you both.
Speaker 1 (12:25):
Yeah, cheers, Thanks so much. Anthony Burke, architecture professor, as
you said, his nerd brain was going off there and
host of Grand Sign's Australia Restoration Australia many many other titles.
Speaker 4 (12:35):
Well.
Speaker 1 (12:36):
CAM About once a month or so we like to
shine the local lens on a national property report, in
this case the Totality Home Valued Index to find out
what that shows for camera at the moment, and Sam McGregor,
who's the principal at Winrows Property, can share that with us.
Speaker 3 (12:51):
Sam Good morning, Renee good morning.
Speaker 6 (12:54):
How are you good?
Speaker 5 (12:55):
Now?
Speaker 1 (12:55):
Look, can you give us an overview of what this
report shows for camera?
Speaker 3 (13:00):
Look, I certainly can. It's a really interesting one to
me this week, and I'm looking forward to explaining why
we saw price growth of about ero point seven percent
in October, which is pretty significant. You know when you think,
if you analize that, that's about eight and a half
percent a year, So a pretty strong month in October.
Speaker 1 (13:19):
Okay, what do you put that down to?
Speaker 3 (13:21):
Well, it's I think it's actually really simple one this month,
and when I got the data through, I didn't even
need to look at it to know that that's exactly
what was happening. There's no date in my mind that
a lot of that, or if not all of it,
to be honest, is driven by changes in the federal
government policy, so opening up the market generally between seven
to fifteen one million dollars for first home buyers by
(13:45):
changing or the government at the moment, they're giving guarantees
over five percent deposits up to a million dollar purchase
for a first home buyer, and there's no stamp duty
up to million.
Speaker 6 (13:54):
Dollars as well.
Speaker 3 (13:54):
So that was new as of the first of October
and to be quite frank, as little fire under the
market between the seven fifteen a million dollar brack app.
Speaker 2 (14:02):
And are you seeing with people who are owning those properties,
are they now having conversations about Okay, so we weren't
really looking to move before, but now maybe we have
a little bit more sort of buying power, maybe we
might look at this and so, you know, upgrading to
a bigger place.
Speaker 3 (14:19):
Okay, And that's exactly right. You've hit the nail on
the head. I think there's a lot of people around
that are seeing some of those results, and we saw
them sort of that even at the end of September,
we started to see pressure on prices because theres a
lot of people saying, well, as soon as this scheme
comes in, it's.
Speaker 6 (14:33):
Going to light a fire into the market. So there was.
Speaker 3 (14:35):
Pressure then and obviously that's happening now. So yeah, there's
definitely a lot of people saying, well, look my house
that was worth seven hundred and fifty zerousand, I might
get eight hundred and fifty nine hundred four today. And
they are the conversations that we're having. It is what's happening.
So then a lot of those people saying well maybe
it's time to selling an upgrade.
Speaker 1 (14:51):
Yeah, and so those changes you mentioned for first time
buy is only kicked in just over a month ago,
so really recent, but it's already had that much of
an impact in what is really a short space of time.
Speaker 3 (15:02):
Yeah, yeah, that's exactly right. Right, It's had a really
significant impact, and to be honest, I think it's going
to continue. We saw it for the last eighteen months.
I'd say where it wouldn't be uncommon for us to
sell a house that you might consider an entry level home,
so like an entry level free standing home, three bedrooms,
two bathrooms, small blocks, something like that, and you would
(15:22):
get ten offers at seven fifty and every single person
would say, I can't pay seven to fifty one because
if I do, I lose my first time buyer grants.
Speaker 6 (15:31):
And then so as soon as they.
Speaker 3 (15:33):
Made that change, suddenly it wasn't a cap on these grants.
It was okay, well, now I actually can afford this,
and I do see the value. It's probably worth saying
that it's a significant saving for first home buyers. It
works out to be about one hundred thousand dollars out
of the upfront costs a million dollar purchase.
Speaker 1 (15:51):
And that's nothing to sneeze out when you're at any buyer,
but let alone a first home buyer. Is it goodness me?
Speaker 3 (15:57):
Yeah, that's exactly right. It's a really really significant policy shift.
Speaker 6 (16:01):
But to me, what it.
Speaker 3 (16:02):
Does mean is that if we look at the cycle
of I suppose that the housing market as a quock,
and you know, six o'clock at the bottom is the
bottom of the market. We're probably at that seven or
eight o'clock now where things are on the way up.
And it's because, as Cam just absolutely nailed, when the
money flows into that entry level bracket, yeah, it then
(16:23):
slowly is going to flow into the next backet where
people are upsizing, and off we go. We're doing the
loop again.
Speaker 1 (16:27):
Yeah, absolutely, Well, it all, it all makes sense, and
it all sounds fairly fairly positive. Absolutely, Sam. Well, we
could talk to you about this for much, much longer,
but we will have to leave it there. But thank
you so much for your time this morning.
Speaker 3 (16:40):
My pleasure is always from a camp. Have a good weekend.
Speaker 1 (16:42):
You to cheers. Sam McGregor, who's the principal win Rose property.
Speaker 2 (16:45):
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 beek, be sure to drop
by for a listen this Saturday between nine and ten
Cam and
Speaker 1 (16:59):
Renee Real Estate Show on Mix one O six point
three
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