The Low Carbon Living CRC has launched a new roadmap for sustainable homes, presenting a ‘win for builders, consumers, the economy and the environment’.
The Growing the Market for Sustainable Homes roadmap was launched earlier this month, and reveals that two thirds of Australian home buyers refer energy efficient homes when given a choice – but significant barriers prevent them from turning that desire into reality.
Our research shows that Australians want homes that are comfortable, healthy and affordable – all things that a sustainable home can deliver,” says Scientia Professor Deo Prasad AO, Chief Executive Officer of the CRC for Low Carbon Living.
Australia’s homes produce around 13 per cent of the nation’s greenhouse gas emissions.
“Sustainable homes require less energy to heat and cool, enhance occupant comfort and are more resilient to climate and weather extremes. They can also be a driver for economic growth," Professor Prasad explains.
Preliminary economic modelling outlined in the report finds that accelerating Australia’s transition to sustainable housing would deliver more than half a billion dollars of extra investment in the construction industry by 2030. It would also create more than 7,000 new jobs and save Australians $600 million on their energy bills.
While the opportunities are enormous, the report identifies several significant barriers.
Suzanne Toumbourou, ASBEC’s Executive Director, says some Australian home builders are already striving to move beyond minimum requirements by incorporating energy efficient designs and technology innovations into new homes.
“However, these builders lack scale and face significant barriers. Consumers are unclear of their choices. Home builders are locked into business models and supply chains that limit innovation. And financiers don’t value sustainable homes,” Ms Toumbourou explains.