Modern Rammed Earth: Red Hill Residence (Australia)

I’m a big-time proponent of green buildings, but if I hear straw bale, adobe, tee pee, or the like, I tend to lose interest.  And the same goes for rammed earth.  That is, until I saw the Red Hill Residence, which happens to be a modern rammed earth home, designed by Christopherchris Architecture.  Not sure what rammed earth is?  Wikipedia + Earth Architecture.  Here’s the home’s description straight from an article translation:

A contemporary new home for a young family relocating from a busy city environment to the Mornington Peninsula. Constructed primarily from locally sourced rammed earth and ship lapped cedar paneling, the house is sited across the ridge of the property.  The elemental form of the building is enhanced by the contrasting and intersecting selection of material, textures and colours, threaded together by the linear rammed earth wall. Key views to the valley are enjoyed from all living areas and bedrooms, whilst the master bedroom is privileged to a unique vista down to the peninsula and onwards to bass straight.

This Australian home is a beauty!  Tell me this:  would you buy it?  I think I would, but I’d like to hear more about the pros and cons of rammed earth building.  So far, we know that rammed earth can be molded and contoured to create modern, expressive buildings.  Feel free to drop a comment so everyone reading will gain from your insight and experience.  Via Moco.