Land Insight

PEXA's latest Cash Purchases Report. Postcodes with a high proportion of cash purchases in FY24 were located in areas which had experienced recent flooding or are at high risk of future flooding. Homebuyers in these areas may have been potentially unable to secure a mortgage for these properties, due to the financial institutions’ perceived level of environmental risk.   “This highlights the need for future homebuyers to better educate themselves and undertake their own due diligence on environmental factors before buying a home.  Key considerations include checking for flood zones, bushfire risks, contamination risks. Understanding these environmental risks not only helps prevent unexpected costs but also provides peace of mind, ensuring a safer, more sustainable home purchase and securing of finance.”  Tim Osborne - Co-Founder of Land Insight Full report: https://lnkd.in/g3VEsnWE Land Insight Julie T. Marcella Choy @KatePrigg Eliza Brockwell #duediligence #floodrisk #bushfirerisk #environmentalrisks

As the holiday season approaches, we would like to inform you of our Xmas shutdown period. Our offices will be closed from COB December 20, 2024, to January 5, 2025. During this time, our team will be taking a well-deserved break to recharge and spend time with friends, family and those closest to us. We encourage you to send through any last minute requests! Our team will be available to assist you with any urgent needs until the end of the business day on December 20, 2024. Any inquiries during the shutdown period can be sent to orders@landinsight.co, with our office re-openening on January 6 2025. From all the team at Land Insight we thank you for your continued support and partnership. We wish you a fantastic holiday season and a happy New Year! PEXA #xmas #holidays #recharge #reset #unwind #summer

🎅 Xmas is almost here, and we're in full swing! 🎅 The Land Insight team is on deck, hustling to process those last-minute orders! 🚀 Got any last-minute requests? Don't hesitate to reach out! We're here until December 20th to make sure you hit those deadlines! 🏃♀️💨 Order online at www.landinsight.com.au or drop us an email at orders@landinsight.co! 📧 and one of our friendly team will be able to assist! #lastminute #xmas #orders #deadlines #hustle PEXA

Australian Prudential Regulation Authority Insurance Climate Vulnerability Assessment will examine climate impacts on insurance💸 Last week Australian Prudential Regulation Authority released further details on insurance Climate Vulnerability Assessment (CVA) which is being conducted with some of Australia’s largest general insurers - IAG, Suncorp Group, Allianz, QBE Insurance, and Hollard Insurance. This initiative aims to understand how insurance affordability may evolve in response to climate-related physical and transition risks. Key goals include: 🌏Understanding future changes in insurance affordability under two climate scenarios. 🌏Contributing to the system-level understanding of affordability impacts on the insurance industry. 🌏Informing stakeholders about potential challenges to insurance affordability in Australia. Findings, expected in early 2025, will help manage future climate-related risks and ensure a resilient insurance sector. Land Insight PEXA #ClimateChange #Insurance #APRA #Sustainability #climateresilience #housing #affordability

Day 2 of the Local Government Contaminated Land Forum has begun in earnest in Port Macquarie NSW Today's focus is on risk assessment, risk communication and coastal contamination. There is also a case study on the remediation of Tamworth Gasworks that Land Insight played a small part in the initial assessment process in the recent past. Looking forward to the keynote speech and Q&A session with the NSW EPA Director of Incident Management and Environmental Health to close out proceedings later today! PEXA Australasian Land & Groundwater Association (ALGA) NSW Environment Protection Authority (EPA) Ben Pearce David Gregory #portmacquarie #NSW #Environmentaldata #EnvironmentalResearch #Sustainability #data #Innovation #contaminatedland #gasworks #duediligence #property #digitalsolutions #risk #communication

Day 1 of the Local Government Contaminated Land Forum has begun in earnest in Port Macquarie NSW. It was great to listen to the NSW regulator in the first morning session highlight how our services have helped improved capacity building and internal knowledge, whilst improving governance and mitigating potential health risks within local government areas. We're looking forward to the afternoon session! PEXA Australasian Land & Groundwater Association (ALGA) #portmacquarie #NSW #Environmentaldata #EnvironmentalResearch #Sustainability #data #Innovation #contaminatedland #duediligence #property #digitalsolutions

#COP29 closes with a strong focus on climate financing 💸🌏   The UN Climate Change Conference (COP29 Azerbaijan) in Baku, Azerbaijan, was concluded with agreements to bolster global climate efforts:   🌏 Tripling Climate Finance: Goal to provide financing for developing countries to USD$300 billion annually by 2035 🌏 Carbon Markets: Finalised frameworks for carbon trading under the Paris Agreement. 🌏 Transparency and Reporting: Enhanced climate reporting standards to strengthen policies and identify financing needs. 🌏 Adaptation and Resilience: Focus placed on strengthening National Adaptation Plans. 🌏 Inclusivity: Emphasised the roles of Indigenous Peoples, local communities, and youth in climate action.   Simon Stiell, Executive Secretary of UN Climate Change, highlighted the importance of these commitments as “an insurance policy for humanity.” 🌱💼   How do you think the outcomes of COP29 will influence the Australian market, particularly with the upcoming release of the Australian Sustainability Reporting Standards (ASRS)?   #ClimateAction #Sustainability #ClimateFinance #ASRS

Later this week, we’re looking forward to attending the Local Government and Regulator Contaminated Land Forum in Port Macquarie hosted by the Australasian Land & Groundwater Association (ALGA) on the 5th and 6th of December. Port Macquarie in New South Wales is one of the fastest-growing urban centres in Australia. The area has seen significant growth in both population and development, making it a key hub on the Mid-North Coast.   Tim Osborne and Travis Shreeve will look forward to engaging with industry experts and peers to discuss specific challenges and solutions we offer within the Local and State Government sector. Be sure to stop by to learn more about how our environmental risk insights can help you improve contaminated land management, safe and appropriate development within their local government area and maintaining more resilient and sustainable communities. Want to know more ahead of time ? Visit: https://lnkd.in/g89uncm4 PEXA NSW Environment Protection Authority (EPA)   #ContaminatedLand #LocalGovernment #EnvironmentalConsulting #duediligence #contamination #propertydevelopment #regulation #environmentalrisk #awareness #sustainability #landuse #portmacquarie #regionalnsw #midnorthcoast

Thank you to our valued members who joined us last week at the Land Insight end of year event in Melbourne. It was a pleasure to celebrate our collaborative partnership and discuss how together we are driving the future of the environmental industry. Throughout the night, our speakers Glenn King, Ana O and Tim Osborne highlighted how our environmental data unlocks fast, simple and reliable analysis of risks associated with any land or property across Australia. We hope attendees gained new insights into the value our services provide for due diligence requirements. As we move into 2025, we appreciate your continued support and trust in the Land Insight team. We are excited about the opportunities ahead as we look to grow into the leading source of climate and environment-related information nationwide. Thank you for being part of our journey! #environmentalinsights #climaterisk PEXA Travis Shreeve

This week marks National Asbestos Awareness Week (25 November to 1 December 2024), dedicated to highlighting the ongoing presence of asbestos in our surroundings. Despite the ban of asbestos products over two decades ago, approximately one in three households in Australia still contain this hazardous material. These asbestos-containing components, aged between 30 to 100 years, are now showing signs of decay, potentially releasing harmful asbestos fibres as they deteriorate, especially the bonding matrix. The initiative aims to combat any sense of complacency by reminding individuals involved in home renovations and trades work that the risks associated with asbestos persist. It strongly advises contacting a licensed asbestos professional before commencing any renovation or do-it-yourself project, emphasizing the importance of safety and awareness in handling asbestos-containing materials. #asbestos #property #propertydevelopment #environmentalrisk #duediligence #conveyancing #lending #spatialfinance #awareness