Ever wondered if energy-efficient homes are the next big thing in real estate? Or is the industry still lagging on this?

In this episode, we're diving into how sustainability is shaking up the property game, and we've got Jacob Caine, president of the Real Estate Institute of Victoria, to give us the inside scoop. Jacob was at the 2024 UN Climate Change Conference, representing Australian real estate, so he knows what's up.

We're talking about how climate change – from crazy weather events to skyrocketing energy bills – is changing what buyers want and how much homes are worth. Will houses with bad energy ratings become impossible to sell or get a loan for? We're also looking at how banks are getting involved, new rating systems, and how energy-efficient features are becoming more than just a nice-to-have – they're protecting your investment.

But there's also the practical stuff: what can homeowners and investors do right now to stay ahead of the curve? Jacob's got tips on everything from solar panels to minimum rental standards, and how these changes will affect everyday decisions about property.

So, if you're curious about how property, climate, and money all fit together, this episode is packed with info you won't want to miss.

Episode Highlights:

00:00 - Introduction

01:11 - Who is Jacob Caine?

02:04 - What motivated Jacob's attendance at COP 29, and what were his key goals?

03:33 - How important is Australia’s contribution to the global sustainability movement?

08:21 - How reliable is CoreLogic’s analysis without a rating system for existing homes?

14:18 - How soon will energy ratings become a key factor in property markets?

21:05 - Will banks require property upgrades to approve financing?

25:11 - What does resilience mean in the context of property?

27:41 - Do home builders have a valid point about energy efficiency standards raising costs?

36:53 - How quickly can we transition to renewable energy according to the model?

41:58 - Energy ratings or home renovations: which one is responsible for price increases?

48:46 - Do you agree that property managers are getting overwhelmed by new requirements?

52:54 - Should energy efficiency efforts prioritise apartments over individual houses?

59:03 - Jacob Caine’s property dumbo

About Our Guest:

Jacob Caine is the CEO of Ray White CRE and is serving his second term as President of the Real Estate Institute of Victoria, with directorship roles at the Real Estate Institute of Australia and View.com.au. A licensed estate agent with extensive leadership experience, he has an impressive academic background, holding a Bachelor’s degree from Melbourne University, an MBA from Monash, and a Master’s in International Relations from Harvard, where he graduated on the Dean’s List. Currently pursuing a PhD at the National Security College (ANU), Jacob’s research focuses on the evolution of cyberattacks. His professional credentials include certificates in leadership, negotiation, and international security from Harvard, among others.

Connect with Jacob Caine: 
Ray White CRE https://raywhitecre.com.au/
Website https://view.com.au/
LinkedIn https://au.linkedin.com/in/jacob-caine-30195647

Resources:
Visit our website https://www.theelephantintheroom.com.au
If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
Work with Veronica: https://www.veronicamorgan.com.au
Looking for a Mortgage Broker? https://www.flintgroup.au
Work with Chris: chrisbates@flintgroup.au

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

Ever wondered if energy-efficient homes are the next big thing in real estate? Or is the industry still lagging on this?
In this episode, we're diving into how sustainability is shaking up the property game, and we've got Jacob Caine, president of the Real Estate Institute of Victoria, to give us the inside scoop. Jacob was at the 2024 UN Climate Change Conference, representing Australian real estate, so he knows what's up.
We're talking about how climate change &ndash; from crazy weather events to skyrocketing energy bills &ndash; is changing what buyers want and how much homes are worth. Will houses with bad energy ratings become impossible to sell or get a loan for? We're also looking at how banks are getting involved, new rating systems, and how energy-efficient features are becoming more than just a nice-to-have &ndash; they're protecting your investment.
But there's also the practical stuff: what can homeowners and investors do right now to stay ahead of the curve? Jacob's got tips on everything from solar panels to minimum rental standards, and how these changes will affect everyday decisions about property.
So, if you're curious about how property, climate, and money all fit together, this episode is packed with info you won't want to miss.
Episode Highlights:
00:00 - Introduction
01:11 - Who is Jacob Caine?
02:04 - What motivated Jacob's attendance at COP 29, and what were his key goals?
03:33 - How important is Australia&rsquo;s contribution to the global sustainability movement?
08:21 - How reliable is CoreLogic&rsquo;s analysis without a rating system for existing homes?
14:18 - How soon will energy ratings become a key factor in property markets?
21:05 - Will banks require property upgrades to approve financing?
25:11 - What does resilience mean in the context of property?
27:41 - Do home builders have a valid point about energy efficiency standards raising costs?
36:53 - How quickly can we transition to renewable energy according to the model?
41:58 - Energy ratings or home renovations: which one is responsible for price increases?
48:46 - Do you agree that property managers are getting overwhelmed by new requirements?
52:54 - Should energy efficiency efforts prioritise apartments over individual houses?
59:03 - Jacob Caine&rsquo;s property dumbo
About Our Guest:
Jacob Caine is the CEO of Ray White CRE and is serving his second term as President of the Real Estate Institute of Victoria, with directorship roles at the Real Estate Institute of Australia and View.com.au. A licensed estate agent with extensive leadership experience, he has an impressive academic background, holding a Bachelor&rsquo;s degree from Melbourne University, an MBA from Monash, and a Master&rsquo;s in International Relations from Harvard, where he graduated on the Dean&rsquo;s List. Currently pursuing a PhD at the National Security College (ANU), Jacob&rsquo;s research focuses on the evolution of cyberattacks. His professional credentials include certificates in leadership, negotiation, and international security from Harvard, among others.
Connect with Jacob Caine:&nbsp;
<ul>
<li aria-level="1">Ray White CRE <a href="https://raywhitecre.com.au/">https://raywhitecre.com.au/</a></li>
<li aria-level="1">Website <a href="https://view.com.au/">https://view.com.au/</a></li>
<li aria-level="1">LinkedIn <a href="https://au.linkedin.com/in/jacob-caine-30195647">https://au.linkedin.com/in/jacob-caine-30195647</a></li>
</ul>
Resources:
<ul>
<li aria-level="1">Visit our website <a href="https://www.theelephantintheroom.com.au">https://www.theelephantintheroom.com.au</a></li>
<li aria-level="1">If you have any questions or would like to be featured on our show, contact us at:&nbsp;The Elephant in the Room Property Podcast <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a></li>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">https://www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="http://www.veronicamorgan.com.au">https://www.veronicamorgan.com.au</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="https://www.flintgroup.au">https://www.flintgroup.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:chrisbates@flintgroup.au">chrisbates@flintgroup.au</a></li>
</ul>
Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
<ul>
<li aria-level="1">Subscribe on YouTube: <a href="https://www.youtube.com/@theelephantintheroom-podcast">https://www.youtube.com/@theelephantintheroom-podcast</a></li>
<li aria-level="1">Subscribe on Apple Podcasts: <a href="https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719">https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719</a></li>
<li aria-level="1">Subscribe on Spotify:&nbsp;<a href="https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765">https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765</a></li>
</ul>

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

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