Study Links Energy Efficiency to Higher Property Values in Australia
What happened
The Efficiency Edge report, produced by Cotality and the Real Estate Institute of Australia (REIA), detailed trends in the Australian property market. The findings indicated that buyers and renters are increasingly factoring in energy efficiency when assessing properties. The report suggested that homes with energy-efficient features could achieve prices up to 66 per cent above local suburb medians, while rental returns could rise to 35 per cent.
Why it matters
The findings suggest that investments in home performance, such as solar panels, insulation, and efficient systems, are increasingly valued by the market. The report noted that buyers and renters are placing greater weight on features that influence energy use due to rising costs of living.
Who's involved
- CaineREIA president whose views were cited regarding property market trends
Keep exploring
The entities involved
-
Caine
Czech musician
Nothing else this week.
-
Western Australia
state of Australia