En­ergy rat­ings need to be re­con­sid­ered

The Riverine Herald - Local Real Estate - - Local Real Estate -

The de­bate about the ac­cu­racy of en­er­gy­ef­fi­ciency rat­ings sug­gests there is a need for re­view be­fore ex­tend­ing a flawed mea­sure­ment to ex­ist­ing build­ings, ac­cord­ing to Real Es­tate In­sti­tute of Aus­tralia (REIA) pres­i­dent David Airey. Un­der the Coun­cil of Aus­tralian Gov­ern­ments’ (COAG) Na­tional Strat­egy for En­ergy Ef­fi­ciency, manda­tory dis­clo­sure of en­ergy, green­house and wa­ter per­for­mance of res­i­den­tial build­ings will be re­quired in the near fu­ture at the time of sale or lease. ‘‘Whilst these re­quire­ments are aimed at re­duc­ing green­house emis­sions and pro­vid­ing sav­ings to house­holds through the re­duc­tion of en­ergy con­sump­tion, there will be up­front costs which af­fect hous­ing af­ford­abil­ity,’’ Mr Airey said. ‘‘The pro­posal places con­sid­er­able costs on home own­ers wish­ing to sell or lease their prop­er­ties. ‘‘Mar­ket feed­back sug­gests that not only are buy­ers aware of the char­ac­ter­is­tics of an en­ergy-efficient dwelling, with­out re­quir­ing a costly re­port, but that En­ergy Ef­fi­ciency Rat­ings are well be­low other pri­or­ity fac­tors when mak­ing hous­ing choices. ‘‘I urge the Fed­eral Gov­ern­ment to re­con­sider the re­quire­ment for the pro­posed manda­tory dis­clo­sure of en­ergy ef­fi­ciency of ex­ist­ing dwellings for sale or lease, and fur­ther, that low cost op­tions be in­ves­ti­gated for those who plan to make this in­for­ma­tion avail­able to po­ten­tial buy­ers or ten­ants.’’

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