Energy-efficient features no longer just ‘nice-to-haves’ in Aussie property

by Sophie Berrill
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Energy-efficient house

A recent survey prepared for CommBank has found that 71 percent of Australians believe installing energy-efficient features such as solar panels, double-glazed windows and LED lights can help to increase property value.

House of Brand Group conducted the September survey of 1003 respondents, including 636 homeowners aged over 18, with quotas set on age, gender and location.

According to the research, the top energy-efficient features important to Australians were increased insulation, solar panels and highly efficient water fixtures. Other features such as solar hot water systems, double-glazed windows, heat pump hot water systems and battery packs also ranked highly amongst Aussies. 

When it comes to installing green or clean energy products, nearly eight in 10 homeowners said they plan to do so, with almost a quarter planning to do so within the next 12 months.

CommBank’s executive general manager home buying, Michael Baumann says the research results demonstrated the increasing appetite from Australians to make energy efficient upgrades to their homes.

“Energy efficient features are moving from a nice-to-have to an essential for many Australians, with the research results showing that 75 percent of Australians believe energy efficient features are a must-have in their homes,” he says.

But Baumann says affordability is a key barrier standing between Aussies and the energy-efficient homes they desire.

“Now more than ever, homeowners are faced with affordability challenges and the research identified cost as a barrier to making energy efficient upgrades, with 6 in 10 Australians saying the cost of energy efficiency solutions was preventing them from upgrading their homes.” 

Commercial buildings are responsible for nearly 60 percent of emissions in the City of Melbourne municipality. To help meet its emissions reduction goals, the Council has set out a ‘Retrofit Melbourne Plan’ to enable all mid-tier commercial buildings to transition to ‘zero carbon ready’ stock by 2040. Read more about the plan.

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