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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ups and downs of online auctions, the power of activist short-sellers, and tax time 2021.

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Steve Waters, director of Right Property Group, chats about online auctions and why they resemble “a bad Zoom meeting”, the growing resilience of the property market, and how Sydney’s lengthy lockdown could shake things up.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into short selling – the original trade that sent GameStop stock soaring – and how activist short-sellers are impacting markets.

And lastly, tax and super guru Timothy Munro talks about those early tax lodgers and possible ramifications, as well as detailing the temporary shortcut method, which you may be able to use this tax time.

Have a question for our experts? 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

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.

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

By Grace Ormsby

February 04 2020
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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.

About the author

Grace Ormsby

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