Thu, 11th Dec 2025

In this podcast episode, Paige Estritori discusses rapid increases in insurance costs for Australian homeowners due to climate change risks. With a nationwide increase in premiums by 14% and even higher figures in New South Wales and the Northern Territory, homeowners are bracing for an extra $343 annually. This dynamic threatens Australia's property market. Contrary to this, construction insurance costs are decreasing owing to intensified competition among insurers. However, insurance policy terms remain a crucial consideration. The hospitality sector in Perth is urged to reassess their insurance coverage to mitigate potential risks. Lastly, Fine Food Australia and the R&CA have partnered to enhance Australia's hospitality sector and will feature in the upcoming Fine Food Australia event at the International Convention Centre in Sydney.n