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After an initial period of extreme uncertainty, the rhetoric around the Australian property market appears to have shifted into a new phase in response to the ongoing coronavirus pandemic.

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On this episode of The nestegg Podcast, host Grace Ormsby is joined by the founder and CEO of Upside Realty, Adam Rigby, to delve into how COVID-19 has been affecting different demographics within the property sector, including renters, landlords, investors and retirees.

Adam touches on the pros and cons of potentially removing stamp duty, his predictions for marketplace trends over the coming months, and the importance of picking quality over timing when considering an investment.

Thanks Adam, for sharing your insights with the nestegg podcast team!

You can keep up to date with what Upside Realty are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Feeling the heat: Aussie aircons rack up $2bn bill

By Grace Ormsby · February 04 2020

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Feeling the heat: Aussie aircons rack up $2bn bill

By Grace Ormsby
February 04 2020

Reading:

Feeling the heat: Aussie aircons rack up $2bn bill

By Grace Ormsby · February 04 2020

Reading:

Australians are set to spend $2 billion on air-conditioning bills this summer alone, according to new research, despite one-third of Australians not using air conditioners at all.

Comparison website Finder undertook a survey which found that the average Australian household uses their air conditioner for an average six hours every day during the peak warmer months, and it’s costing us around $8.41 each day for the privilege.

A whopping 69 per cent of Aussies – or 6.8 million households – acknowledged a daily reliance on their air conditioner to get through the hottest days of the season.

Acknowledging that Australia is facing its hottest summer on record, Finder’s energy expert, Graham Cooke, has warned that heavy air-conditioner usage is damaging to both the environment and the consumer’s hip pocket.

There’s a number of things Australians can do to stay cool before resorting to the air conditioner, he offered.

“A fan is a much more cost-friendly option, and if it’s strategically placed to get a cross-flow it can be quite effective, too.”

Air conditioners “should only be switched on when it becomes unbearable without it”, he advised.

And with 600,000 households also admitting in the survey to keeping the air conditioner on even when they aren’t home, he commented that “if you’re not at home, you don’t need your aircon running”.

“Aussies need to stop overindulging and expecting to walk into an icy cool room as soon as they get home,” he said.

And when you are at home, “the perfect temperature setting for your aircon is 24-25 degrees, anything cooler than that is unnecessary”, Mr Cooke flagged in response to the survey’s finding that the typical household runs their air conditioner at 22 degrees.

“Every degree you increase the thermostat could shave 10 per cent off your bill,” the energy expert said.

“Don’t let the balmy nights get the better of you,” Mr Cooke said.

“Keep your aircon usage in check if you don’t want to end up with a hefty bill at the end of the summer,” he warned.

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.