Green property fantasy: energy-efficient homes attract 10% greater costs, brand new research finds

Green property fantasy: energy-efficient homes attract 10% greater costs, brand new research finds

Love the sound of double glazed windows and solar power panels on the roof? Whether you are dreaming of a sustainable very first house, or perhaps you’re irritation to offer your current household a green facelift, there is great news for you personally.

New research through the University of Wollongong’s Sustainable Buildings Research Centre has discovered houses with energy-saving features could possibly be worth as much as 10per cent a lot more than houses without those features.

The analysis revealed that into the ACT, properties having an energy that is 7-star score could fetch costs 9.4% more than less energy saving people with 3 movie stars. Presuming a house that is median of $773,635, which is a massive $72,721 distinction between the 2 kinds of houses!

At this time, the ACT may be the state that is only territory in Australia that needs sellers to reveal just exactly how energy conserving their houses are, on the basis of the Nationwide House Energy Rating Scheme (NatHERS) under which each of Australia’s brand new domestic structures are examined and offered star reviews away from 10.

However it seems energy conserving properties are in demand over the country that is whole. (more…)