Sustainable properties come with a price premium of $125,000 more for energy-efficient houses and $72,750 more for units, new research shows.
“Sustainable homes come at a price premium, but there are many benefits,” said Domain chief of research and economics Nicola Powell. Houses with sustainable features receive 8.7 per cent more online views, and sold about 4 per cent faster. Units had a similar trend. The report was welcomed by Daniel Daly, a research fellow at the Sustainable Buildings Research Centre at the University of Wollongong, who said such insights were lacking in Australia.
While energy efficiency was understandably not a top priority at the start of a property search, it was still an important consideration, both Powell and Daly said. A mandatory star rating could encourage more Australians to make upgrades, and would change the economics of retrofitting older homes, he added. Buyers would not just consider the energy savings that upgrades could bring, but also the capital gain.
We need affordable housing for young people not real estate speculator tips
Is anyone buying ?
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