The Australian regions outperforming the capitals for energy efficient housing
An unlikely Australian region is leading the energy efficiency charge for residential construction, while one major capital lags behind
2 min
New Australian homes are far more energy efficient than those built previously, a new report from CoreLogic has shown. The report, Amped Up: How energy efficient are Australian
Homes?’ has taken data from CoreLogic and checked it against metrics generated by the CSIRO’s RapidRate™ product to reveal that houses built after 2010 achieved a media star rating of 5.9 out of a possible 10. This compares with a median rating of 2.8 stars for homes built prior to 2010.
The most energy efficient region overall was the ACT, with a median star rating of 6.1. Within the ACT, the region of Molonglo had the highest rating. Positioned halfway between Yarralumla and Stromlo Observatory, Molonglo is the newest district in the ACT and is still under development. It is the only region nationally with a star rating of 6 or above for all dwellings.
The ACT dominated the top 30 list of most energy efficient suburbs. In contrast, Sydney and Hobart were notably absent from the top 30 list, although the report noted that there was a high level of variation across both cities. Sydney and Hobart are also the oldest cities in the country, with some housing stock dating back to the early 19th century. The report noted that demand for heating was also strongest in Hobart, which also had the lowest dwelling completion to population ratio. Heritage restrictions were also identified as a factor.
At a micro level, the Sydney suburbs of Blacktown-North and Bringelly-Green Valley recorded the highest ratings for NSW, with a median of 5.2 stars. In Victoria, the Surf Coast-Bellarine peninsula performed well, with the suburbs of Armstrong Creek, Curlewis and Mount Duneed all showing a median rating of 6 stars or higher.
Given Australian housing accounts for 24 percent of electricity use and 10 percent of carbon emissions, CoreLogic’s Head of Banking & Finance Solutions Tom Coad said it was vital that standards set in the National Construction Code were adhered to.
“The significant difference in energy efficiency between relatively modern homes and older homes can largely be attributed to changes in the National Construction Code
which has progressively placed more emphasis on energy efficiency requirements for newly built homes,” Mr Coad said.
“The Coalition’s recent push to pause the National Construction Code for 10 years flies in the face of Australia’s commitments to reduce carbon emissions.”
“Policymakers should be incentivising the construction of energy efficient buildings, not slamming the breaks.”
The report was compiled using the Nationwide House Energy Rating Scheme (NatHERS) star rating system. Research director at CoreLogic, Tim Lawless, said it was important to continue to monitor the energy efficiency of housing construction.
“What gets measured gets done,” he said. “As standards for energy efficient design and construction rise, it’s also becoming more important to measure energy resilience in
our housing stock.
“Minimum energy efficiency standards for new builds will continue to be important in supporting Australia’s greenhouse gas reduction targets, but there is likely to be
increasing focus and incentives on established housing where most of Australia’s housing stock was built prior to recent minimum standards.”
From elevated skincare to handcrafted home pieces, this year’s most thoughtful gifts go beyond the expected.
A haven for hedge-fund titans and Hollywood grandees, Greenwich is one of the world’s most expensive residential enclaves, where eye-watering prices meet unapologetic grandeur.
The 7,145-square-foot apartment, with European-inspired interiors, hasn’t traded hands since it was built in 2008.
< 1 min
A Denver condo that hit the market earlier this week for $16 million is now the Mile High City’s most expensive listing.
The new listing by far beats the next-priciest home for sale, a condo in a new development that was put on the market at the beginning of the year for about $9.79 million.
The city’s most expensive single-family home is asking just shy of $9 million—the metro area’s priciest single-family homes tend to be in the Cherry Hills Village suburb.
At 7,145 square feet, the newly listed unit is nearly double the size of the one in the new development and more on par with the size of some of Denver’s most expensive single-family homes.
It’s on the top floor of a seven-story mixed-use building that was built in 2008 in the Cherry Creek neighbourhood, one of the most affluent areas of the city.
The last time the three-bedroom apartment sold was before it was even completed, though it’s been owned under a few different LLCs and trusts.
The seller, who Mansion Global wasn’t able to identify, bought the condo from the developer in September 2007 for $4.047 million, records show.
The design of the interiors is European-inspired, with decorative columns, elaborate millwork and ornate built-ins.
Plus, there’s a mahogany-clad study, a formal dining room that seats up to 30 guests and views of mountains and Denver Country Club’s golf course.
A private terrace adds 1,230 square feet of outdoor living space and features a fireplace and a built-in barbecue, according to the listing with Josh Behr of LIV Sotheby’s International Realty.
A representative for Behr didn’t respond to a request for comment.
From Italian vegetable-tanned leather to real-world training insight, Australian brand PK9 Gear is redefining what luxury means for discerning dog owners.
ABC Bullion has launched a pioneering investment product that allows Australians to draw regular cashflow from their precious metal holdings.
