Home Energy Ratings Disclosure Framework Updated to Include Apartments

Big news for homeowners and renters in Australia! The Home Energy Ratings Disclosure Framework Version 2 has been released, marking a significant step forward in making energy efficiency a key factor when buying or renting a home.

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What’s New in Version 2?

The updated framework, developed collaboratively with state and territory governments and industry stakeholders, now includes:

• ‍Energy Ratings for Apartments: Version 1 only covered single dwellings, but this update expands the scope to include apartments and apartment buildings.‍
• National Approach to Disclosure: The framework defines how energy ratings will be provided at the point of sale or lease, ensuring consistency across Australia.‍
• Supportive Market Guidelines: It outlines policy parameters and strategies to create a market environment that values energy-efficient homes

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Why It Matters

Energy ratings help Australians make informed decisions about their homes. Choosing an energy-efficient property isn’t just about saving on bills; it also means a more comfortable living environment.
The benefits include:

• Lower Costs: Energy-efficient homes are cheaper to run.
• Improved Comfort: Better insulation, appliances, and design mean a more enjoyable living space.

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Economic Impact

A newly released cost-benefit analysis report shows a substantial net benefit to implementing mandatory energy rating disclosure. This means that not only do homeowners and renters win, but so does the economy as a whole.

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What’s Next?

The release of this framework is part of a broader national effort to prioritize energy efficiency. Expect to see more developments as the framework is implemented at the state and territory levels.

To dive deeper into the details, you can check out the full framework here: Home Energy Ratings Disclosure Framework Version 2

Let’s keep pushing for smarter, more sustainable homes across Australia!

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