Old Housing Stock Key To Reducing Emissions
A report indicates the redevelopment of old housing is essential to carbon neutral plans.
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Nearly 8 million homes are past their use-by-date according to the Australia Affordable Housing Environmental Scan 2022 by PowerHousing Australia.
The report suggests that many of these outdated properties could be torn down to build multiple energy-efficient dwellings and address the housing crisis.
According to the report, one old standard house on an 800 to 1000sqm block could make way for up to three new homes. Most of the homes have existed for 30 years or more and contribute up to 18% of the country’s emissions.
While Australia looks to tackle rising emissions with advances in technology, PowerHousing Australia chief executive Nicholas Proud suggests the redevelopment of old housing could help tackle both emissions and affordability while technology comes up to speed.
“Australia’s 8 million pre-energy rated homes are now well past their use-by date, contributing up to 18 per cent of Australia’s greenhouse gas emissions and a real liability when it comes to hitting our Paris Agreement commitments for net-zero emissions.”
Mr Proud suggests that Australia will struggle to meet the UN net zero emissions target for 2050 without the repurposing of building materials
“The first step to meet our obligations to future generations is the repurposing and refurbishing older inefficient dwellings, as existing dwellings account for 95 per cent of our building stock and already have an embodied carbon component,” he said.
In 2003, a four-star Nathers energy rating became mandatory for all new homes. Prior to this, there was no obligation to make homes energy efficient and most homes built after the 1950s came in at one to two stars.
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The nearly 10,000-square-foot home stands right at the entrance to the Amazon billionaire’s grand, $165 million estate.
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A home that’s right at the entrance to Jeff Bezos’s Beverly HIlls estate, which the billionaire purchased for $165 million in 2020, is now on the market asking $19.8 million.
Shaded by mature olive trees, the three-story modern mansion on Angelo Drive spans nearly 10,000 square feet, and includes five bedrooms, a bar and lounge, a home cinema, a pool with floating benches, and a 15-car garage.
The modern home centers around a striking wood staircase that extends through all three floors, creating an eye-shaped spiral.
Other design choices include a full-height black marble fireplace, herringbone wood flooring, grayscale marble backsplashes in the kitchen and bathroom, banks of floor-to-ceiling windows and a seating area in the middle of the pool.
There is also an outdoor kitchen and eating area poolside, and a living space with sliding doors that open directly onto the pool deck, for indoor/outdoor living.
The home was built in 2021 and designed by Gabbay Architects for the owner, who purchased the underlying property for $4.1 million in 2015, according to property records accessed through PropertyShark.
The seller, who runs a Beverly Hills-based plastic surgery practice, could not immediately be reached for comment.
The Benedict Canyon house came to market Friday with Tomer Fridman of Christie’s International Real Estate. He could not immediately be reached for comment.
The Bezos estate is also known as the Warner Estate, named after its first owner, Hollywood mogul Jack Warner of the Warner Bros.
After Warner, the 9-acre estate was owned by music executive and film producer David Geffen, followed by Bezos. The property includes a palatial Gregorian Revival mansion built in 1939 and designed by architect Florence Yoch to befit the status of one of the most powerful men in Hollywood.
At $19.8 million, the new listing offers quite a deal compared to other properties neighbouring Bezos. In Florida, the owner of a vacant lot next door to the Amazon founder’s estate on Indian Creek Island is asking $150 million for it.
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