Proposed new legislation will slog property owners with up to $1500 to undergo a mandatory energy-efficiency assessment before they are sold or rented under new laws aimed to tackle carbon emissions. The mandatory assessment – being drafted into law by the federal and state governments – will rate homes by an energy efficiency star system, similar to the ratings given to fridges and washing machines. It will apply to all commercial properties from later this year and to all residential properties from May 2011.
Whilst I am all for protecting the environment and I do take into consideration the ratings when buying new white goods etc I really question whether a home buyer is going to change a purchase decision on this basis. Let’s face it most of us are emotional in our decision making process and usually there is only one home that we see that screams this is the one for me that fits both our needs and budget at the time. Are we really going to give it up if the energy efficiency is not great and keep looking?
Details were provided to us by Stacey Holt Real Estate Excellence who sourced it on 7th February 2011 from this link.