Your Green Guide – Residential Real Estate 2018
PRD, through the Australia Research Council Linkage project funded by the Australian Federal Government, is proud to release Your Green Guide - Residential Real Estate 2018 and an accompanying Green House Scorecard. This work is a culmination of 3 years of research, in collaboration with Queensland University of Technology (QUT), Karlsruhe Institute of Technology Germany, and other key industry partners.
Sustainable buildings outperform their conventional competitors in all relevant areas - environmentally, socially and financially. Increased communication by real estate agents to potential buyers/sellers about sustainability features is likely to improve the price and time to sell houses with recorded sustainability features achieving the most competitive market price.
The outcomes of this project identified the top 7 benefits of having a property with sustainability features:
- More savings on utility bills and less maintenance - Projected energy savings ranged from 3-14% in 2015 and from 3-32% in 2020 based on 6 stars sustainable, energy efficient residential property across Australia
- Reduced construction materials and emissions
- Fewer days to sell the listed property - Properties with recorded sustainability features in Kelso, Queensland took 13 less number of days to be sold on the market
- Improved comfort and long-term lifestyle
- Higher median price – Median house prices of properties with recorded sustainability features (e.g. solar panel &/or watering systems) are at least 10% higher than properties without recorded sustainability features.
- Higher resale value
- Informed decision making
Questions covered in the Green House Scorecard encapsulates five key categories:
- Spatial planning: site area, number of bedrooms/bathroom ration, zoning/land use
- Occupant health and safety: smoke alarms, pest control measures, building materials
- Occupant comfort: building orientation, insulation, and cross-flow ventilation
- Operation and services: water services connections, communication/data services connection, energy services connections
- Building durability: the use of non-toxic building materials, easily accessed bathroom/toilets by various levels of mobility, and lifespan and durability of kitchen/bathroom materials.
Upon completion of the Green House Scorecard participants are provided by a percentage (out of 100%) and an animated indication of how “green” their property is – the darker the green colour the higher the sustainable rating. Participants will also be able to identify areas for further attention and improvement, in order to obtain the highest level of sustainability rating possible.