Friday, November 15, 2024
19.4 C
Melbourne

Overwhelming support for Victorian energy efficiency laws to expand could see landlord costs increase Australia-wide

Eco Voice
Eco Voicehttp://www.ecovoice.com.au
First published in 2003, Eco Voice is your go-to publication for sustainability news in Australia. Eco Voice prides itself as an independent news platform with a clear focus on sustainability, with articles coming from a diverse range of contributors – all levels of government, corporations, not-for-profits, community groups, small to medium sized businesses, universities, research organisations, together with input from international sources. Eco Voice values community, conservation and commerce. Eco Voice is a media partner of the prestigious Australian Banksia Sustainability Awards – The Peak Sustainability Awards.

  • 81% Australians support Victoria’s energy-efficient standards for rental properties

  • Renters show the highest support, with 67% wanting them rolled out nationally

  • Support for the reforms is especially strong among under-35s, at 91% 

Proposed changes to the minimum energy efficiency standards for rental properties could see Victorian landlords hit with increased costs from next year, in a bid to help the state move to net zero emissions. Now, new research has discovered that 81 per cent of Australians support the move, and 61 per cent would support all State Governments adopting the same standards.

The findings were derived from survey of an independent, nationally representative panel of 1006 Australians commissioned by Australia’s fastest-growing renewable energy provider1, Green.com.au. From the survey, Green.com.au sought to find out what proportion of renters, rental providers and owner-occupiers support the reforms in Victoria, and whether they would support other states adopting the same reforms. The full research results can be found here: https://www.green.com.au/research/renters-and-landlords-divided-on-energy-efficiency-reforms

As background, recently the Victorian Government completed public consultation on proposed minimum energy efficiency standards for rental properties, with the aim of improving comfort and living costs for renters, and help navigate Victoria’s path to net zero emissions. The new standards would see landlords required to install ceiling insulatioj, improve door sealings, replace hot water and heating systems with energy-efficient appliances at the end of their lives, install four-star energy efficient shower heads and three-star cooling systems in the main living area from October 2025. Final standards are expected to be released October 2024.

Landlords least in favour of the standards 

Green.com.au found that a staggering 81 per cent of Australians support the measures. While the changes are only set to impact Victoria, there is strong support for them to be implemented nation-wide. Renters show the strongest support, with more than two thirds (67%) in favour of the measures being adopted nationwide, and an additional 25 per cent preferring them to remain within Victoria only. Homeowner occupiers follow this, at 60 per cent for nationwide support and 17 per cent supporting the standards in Victoria only.

Among rental providers, around one third (36%) are in favour of the standards for Victoria and one third (33%) would support them across all other states. Despite increasing cost of living pressures, including high interest and inflation rates, recent reports from the Australian Bureau of Statistics shows investor lending growth continued to outpace the growth of owner-occupiers in June. The value of new investor loans was up by a staggering 30.2 per cent this August compared to a year ago2. The number of rental providers is growing across the country and with this comes an increased concern for the legislation and rules which impact them.

When Green.com.au analysed responses across age groups, it found a whopping 93 per cent of under 25s support the measures, with more than half (58%) wanting to see them rolled out nationally. Younger people are also the largest group of renters, with almost half (46%) of those aged between 25-34 years old and 55 per cent of under-25s renting.

These figures indicate that the younger generation are possibly more environmentally conscious than the older demographic, and are also not impacted by the upfront costs associated with implementing the changes.

The older demographics also showed strong support for the measures, with more than three quarters (78%) of respondents between the age of 55-64 supporting the measures. Similarly, 76 per cent of respondents aged 65+ and three quarters (75%) of respondents aged 45-54 years old also agreed with the measures.

Green.com.au CEO and Co-founder David Green says: “The overwhelming support for Victoria’s energy efficiency standards through our research highlights a clear mandate from Australians – especially among younger demographics – for stronger environmental policies.

“Our research sends a strong message to rental providers: adapting to these reforms is not just about compliance, but about aligning with the values of the next generation of renters who prioritise sustainability.

“For the Victorian Government and other governments considering similar reforms, these findings indicate broad public backing for expanding these standards nationwide. Implementing them can help Australia’s emissions goals and at the same time enhance property values and tenant satisfaction across the board.”

ACT and WA residents most in support of the reforms  

Green.com.au found that residents in Australia’s capital are most in favour of the new standards, at 87 per cent. Three quarters (74%) indicated the standards should be implemented nationally. West Australians followed closely behind, with 85 per cent in favour of the measures and nearly two thirds (62%) for the measures going national. Not far behind, 82 per cent of Queenslanders are in favour of the measures and nearly two thirds (62%) would agree with them expanding across the states and territories.

The full survey results, including breakdowns across property ownership status, ages and States, can be found here: https://www.green.com.au/research/renters-and-landlords-divided-on-energy-efficiency-reforms.

 

Plants, seeds & more delivered to your door!

www.nativeshop.com.au

Advertisement

- Advertisement -cocktails from downunder
- Advertisement -

CONTINUE READING