Greater transparency needed for buyers, renters on home energy efficiency

Australia’s property market must better meet the requirements of buyers in regards to concerns about climate change, according to one of the industry’s top figures.

The development of environmental consciousness and the rising demand for sustainable properties are now not being satisfactorily met by the market or regulators.

Increasingly, environmentally-conscious customers are looking for properties that are sustainable and environmentally friendly, but such information is hard, even impossible, to uncover.

Mr Ellis has seen a massive rise in the number of buyers and tenants who wish to learn how energy efficient a residence is in an attempt to reduce their carbon footprint and save on electricity costs.

He explained environmentally-conscious prospective buyers and tenants, who are keeping a close watch on their spending habits, need to have such information readily available.