The Proptech Energy Efficiency Standard has been identified in the Australian Home Energy Rating Disclosure Framework document* as a “key market enablement”.
The Framework sets out a national approach to assessing the energy performance of homes and providing energy performance certificates to consumers. It outlines policy parameters for disclosure schemes, which can be adapted and implemented by governments, and gives guidance on the development of a supportive market environment
Page 43 Home Energy Rating Disclosure Framework Version 2 DEC 24
Statement from Commonwealth and NSW Govt
“We acknowledge the importance of the industry-led initiative the ‘Proptech Energy Efficiency Features Standard’ (the Standard) and how it will support home energy ratings disclosure. The Standard is referenced in the Framework (page 43) and we consider the integration of the Standard into the property marketing environment for new and existing homes as an important complementary activity.
It will enable visibility and drive awareness for energy efficiency information at point of sale or lease. It also supports the development of the right market environment to underpin residential disclosure schemes and energy efficiency interventions.
Greater alignment between the Proptech sector’s “features-based" intervention and the disclosure "ratings-based" intervention (whether mandatory or voluntary) will simplify and enhance transparency of a home’s energy efficiency potential for buyers, renters, investors and real estate agents.
Where is energy used in the home
The features standard will connect to key energy usage in the home and offer the potential for a more comfortable home all year round.
IDENTIFYING BETTER HOMES
Homes and apartments with features that deliver ongoing affordability and year-round comfort — are less risk
The Property Technology Sector, working together, can play a key role here.
This is a significant opportunity for leadership and impact on offer for the Proptech Industry - to support better transparency and literacy about the right energy efficiency features and deliver better outcomes for our homes and the people who live in them.
This clean up and refining of data sets will then deliver alignment with new financial loan product entering the market[1] that are targeting these new efficiency and comfort property upgrades.
[1] https://www.afr.com/policy/energy-and-climate/cba-wants-to-corner-the-2trn-market-for-household-electrification-20240316-p5fcxg