Energy savers are big winners
A BUNDABERG energy analyst believes the state government’s Sustainability Declaration could add value to people’s homes, likening the new forms to car roadworthy certificates.
AllSafe Energy Efficient Products owner Richard Cullum, whose business sells green energies such as solar power to home owners, said while he had a vested interest in the process, he believed it was a step in the right direction both for home sellers and buyers.
From January 1, all properties sold in Queensland must have an accompanying sustainability declaration form, which details a property’s energy usage.
“Years ago, when I was younger, they brought in roadworthy certificates for cars and there was a huge outcry at that time, but it proved to be a good incentive because it protected people from buying an old bomb,” Mr Cullum said.
He said the Australian Capital Territory had had a star energy rating system in place for about 10 years.
An Australian Bureau of Statistics report, Energy efficiency rating (EER) and house price in the ACT, found the energy efficiency system had affected the value of properties on the market.
“It shows that the ACT housing market, which in 1999 became the first jurisdiction in Australia to introduce mandatory energy disclosure for all houses on the market, places a higher value on energy efficiency and suggests that ‘location, location, (Energy Efficiency Rating) EER’ has replaced the traditional real estate mantra of ‘location, location, location’ in the ACT,” it said.
Mr Cullum said he had been approached by three different real estate agents to help their clients fill out the home energy efficiency forms.
“(The form) is an educational device to show people the energy rating,” Mr Cullum said.
“Getting the form filled out by the energy assessor lends a bit of weight to the document.”
Mr Cullum also said he could not understand why many of the region’s real estate agents did not know about the state government form.
“We as an energy efficiency company knew about it six months ago,” he said.FAST FACTS
- The study found if a house has a higher EER than another house, but in all other respects the houses are the same, the house with the higher EER will command a higher price
- For a copy of the ABS report go to www.nathers.gov.au