Compulsory disclosure of energy efficiency ratings (EERs) during Australian property transactions will put an unnecessary burden on the industry and consumers, it has been claimed.
According to the Real Estate Institute of Australia (REIA), government should pursue a non-regulatory approach to EERs, which would mean that both agents and consumers can avoid the associated costs and paperwork.
In a submission by REIA put forward during a consultation into the impact of mandatory disclosure, the association investigated six EER scenarios ranging from rigid top-down enforcement to a voluntary approach.
REIA found that EERs are not important to consumers at the time of sale or lease, suggesting that making them mandatory would have a negative effect on the Australian property market.
India's climate policy expert Dr Kirit Parikh recently told the Conversation that energy efficiency was a key part of the country's political programme and suggested that it may borrow some carbon reduction ideas from Australia - but he failed to mention EERs.
Posted by Steve Douglas
According to the Real Estate Institute of Australia (REIA), government should pursue a non-regulatory approach to EERs, which would mean that both agents and consumers can avoid the associated costs and paperwork.
In a submission by REIA put forward during a consultation into the impact of mandatory disclosure, the association investigated six EER scenarios ranging from rigid top-down enforcement to a voluntary approach.
REIA found that EERs are not important to consumers at the time of sale or lease, suggesting that making them mandatory would have a negative effect on the Australian property market.
India's climate policy expert Dr Kirit Parikh recently told the Conversation that energy efficiency was a key part of the country's political programme and suggested that it may borrow some carbon reduction ideas from Australia - but he failed to mention EERs.
Posted by Steve Douglas
