RESIDENTIAL PROPERTY
GREEN homes are in high demand and are easier to sell, with energy efficient houses spending less time on the market and drawing more views to listings...
According to Domain’s second annual Sustainability in Property Report, energy efficient homes spend 4% fewer days on the market and draw in 16.7% more listing views...
“This performance is likely driven by two major factors: an increasing number of environmentally conscious buyers, leading to greater demand for greener homes, and the lifestyle...
“Features like cross-ventilation, north-facing orientation, heat recovery ventilation, and solar panels not only contribute to environmental sustainability but also offer practical advantages...
Despite the cost of living crisis, this data indicates Australians are increasingly prioritising environmentally friendly housing options...
Unit results were less impacted by sustainability, with no change to days on market and a 6.6% increase in listing views...
Demand for green homes is most prevalent for middle-income families, with this demographic leading the adoption of energy-efficient features...
“There could be several factors at play here. Middle-income households may be investing in energy-efficient (EE) features to lower their household running costs and align with...
“Another explanation could be the prevalence of new-built homes in these areas with energy-efficient features included. It is worth noting that with some of these suburbs being in...
“As Australians become increasingly aware of the health, environmental, and cost benefits of living in more sustainable and energy-efficient homes, we’re naturally seeing a significant surge in...
“This shift is particularly welcome, given that residential properties contribute to 10% of Australia’s carbon emissions. It’s encouraging to see this growing preference, which promises to...
There are some suburbs where energy efficient homes are cheaper than non-energy efficient homes, such as Melbourne’s Hoppers Crossing and Northcote and NSW’s Dubbo...