Australia Considers Introducing Energy Star Rating for Homes
24 August 2011
The Australian federal government is thinking about introducing new measures which would make energy Star ratings for homes being sold or rented mandatory. It's thought these new measures could be introduced as early as next year, and it would mean that sellers and landlords would have to pay around $200 to have their property assessed. It is estimated that this could cost property investors and homeowners $1.1 billion over the next 10 years if the new law is introduced.
Housing experts think that some of the very large Australian mansions would achieve rather low scores on this ratings system, and a private energy ratings firm in Australia has already said that the majority of these two storey mega homes would only achieve a zero rating.
However the government thinks this new initiative would enable buyers and renters to choose more energy efficient properties as they would be able to see which one would be cheaper to run, and which would use less water, therefore saving them money. The opposition government feels that the new program would impose unnecessary costs on people and could increase rental costs as homes with better energy ratings could be seen as being more desirable.
Australian developers are saying that the fashion for extremely large houses has already passed, and that people will be increasingly looking towards buying smaller and more energy efficient homes. It's debatable as to whether it would have any real effect, as a similar system is already in place in the UK, but the truth is that a lot of people probably don't take into account a home’s energy rating when considering buying or renting.