First National’s chief executive Ray Ellis is calling on the nation to follow the lead of the ACT as climate change consciousness extends far beyond the capitals to impact regional home buyers and renters.
Mr Ellis noted it’s no longer just the capital cities weighing into the climate change debate – suburban and regional areas are feeling it too. And the push is resulting in an influx of local home buyers and renters seeking out properties that are environmentally responsible and sustainable.
Now, he believes all states should take a leaf out of the ACT’s book and urgently review their Energy Efficiency Rating (EER) scheme.
Mr Ellis explained for many countries around the world, it is compulsory for sellers to acquire and disclose a home’s energy efficiency. In Australia, however, the Australian Capital Territory (ACT) is the only place where a seller must disclose to potential buyers the dwelling’s energy performance.
The Energy Efficiency Rating (EER), as it is called, is assessed by an accredited energy assessor.
Yet, he notes there is a deluge in buyers and renters who are querying how energy efficient a home is, in a bid to find lower carbon footprint properties, propelled by the climate change movement.
“Irrespective of your views on climate change, there is no denying resources are drying up and costing us in utility bills,” Mr Ellis said.
“As a result, we are seeing more and more home buyers and renters, of all ages, demanding properties with lower carbon footprints.
“Locally, Canberrans are leading the climate conscious charge with the disclosing of a property’s EER, which certainly makes it easier for home buyers to make an environmentally conscious property decision.”
Mr Ellis said buyers and renters are aware that not only are they doing their bit for the environment but a sustainable home undoubtedly meant cheaper energy bills.
As a result many buyers and renters are seeking out energy and water efficiency, properties made from environmentally responsible materials, living features including reduced noise pollution, low-wattage lighting, ample natural light, pools with modern efficient pumps and filters, double glazing and solar panels as well as scope to grow their own produce, he noted.
“Right across Australia from along the coastlines to further inland, we are now seeing a demand from buyers and renters for climate conscious homes,” Mr Ellis said.
“These buyers and renters are actively seeking out properties that heat and cool consciously, have efficient showerheads and toilets, ample natural light as well as effective window and door sealing and insulation.
“Unfortunately, until all the Australian states and Northern Territory follow suit of the Australian Capital Territory, we can’t provide prospective buyers and sellers with the full information when it comes to a property’s EER. I am hopeful that this will change in the near future – as it is what Australian buyers are demanding.”