Standardising Energy Efficiency Property Attributes
Itβs a simple system intervention that catalyses opportunities for ALL, across the property sector
Sector Alignment
A consistent conversation across the property ecosystem.
Finance, lending and valuation
Property data and insights
Perception of value and property market
Property appraisal and customer experiences
Skills and training - energy efficiency literacy
Property upgrade and capitalisation pathways
Research and Governance
Delivery Consistency = Impact
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DATA ACCURACY
The right energy efficiency features that can be verified in a property appraisal will build trust in the property information and better property knowledge at the same time - for everyone in the real estate moment: real estate professionals, valuers, property owners, investors, and renters
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DEEPER CONSUMER ENGAGEMENT - POINT OF SALE OR RENT
By standardising and normalising these energy efficiency features, for property professionals and consumers, it enables these property features to become VISIBLE. Driving more comprehensive property information through the sector and delivering more targeted customer engagement.
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ALIGNMENT OF VALUE TO CLIMATE READINESS: RISK & REWARD
Increases in the demand for more trusted information about energy efficiency features is driven by the imperative to lower household energy bills, improve household health and comfort, and lower carbon emissions in the residential built environment.
Where is energy used in the home
The features standard will connect to key energy usage in the home and offer the potential for a more comfortable home all year round.
IDENTIFYING BETTER HOMES
Homes and apartments with features that deliver ongoing affordability and year-round comfort β are less risk
The Property Technology Sector, working together, can play a key role here.
This is a significant opportunity for leadership and impact on offer for the Proptech Industry - to support better transparency and literacy about the right energy efficiency features and deliver better outcomes for our homes and the people who live in them.
This clean up and refining of data sets will then deliver alignment with new financial loan product entering the market[1] that are targeting these new efficiency and comfort property upgrades.
[1] https://www.afr.com/policy/energy-and-climate/cba-wants-to-corner-the-2trn-market-for-household-electrification-20240316-p5fcxg