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Australia’s Property Sector Booming


The world is now well on the road to economic recovery and the property industry of Australia is expecting growth across the board in 2014: residential, commercial and industrial. They are also stating that there is a clear and definite increase in the number of new builds right across Australia. This is good news not just for the industry, but for everyone. New building projects means more jobs and with the property industry claiming to provide the lion’s share of Australia’s GDP, as well as employing more people than any other sector, it should be only a matter of time before we all reap the benefits.


What does this Mean For You?

 Those in the property business will be breathing a sigh of relief that this period of recession has come to an end because a property market boom means more demand and more demand means more building work, more employment, more money in the market and consequently greater profits. If you are looking for new premises to rent or purchase then there may be the opportunity to find some bargains amongst existing buildings or to be the new owners or first occupiers of coveted new builds and all of the in-built energy efficiency savings.

 Because of this fierce competition, property developers and owners have a vested interest in keeping up with their competitors. One of the main issues they might attempt to trade on is a building’s NABERS rating. Though a legal requirement for any building over 2000sqm which is on the market for sale or rent, the free availability of the BEEC and NABERS information permits prospective clients or buyers to factor in their energy needs. A high NABERS rating demonstrates a commitment to the environment and in purely business terms, to cost saving. It is a highly competitive market then, so it is in your best interest to do everything you can to improve the rating of your property.


The Role of NABERS / BEEC in the Property Market

 The economic recovery might be underway and businesses might be feeling positive about their future but that does not mean that they will not be looking immediately to how they might save money on their utility and other running costs. If you already have a NABERS rating, unless it is very high (5 or 6 star) there are many things you could do to improve your rating and keep your property competitive. If you do not presently have a NABERS rating and looking to lease or sell your premises then you will need an assessment ahead of this.

If your premises is under 2000sqm you are not legally obliged to have a NABERS assessment but there are benefits of voluntary uptake of the rating system and it will keep you competitive in what is about to become a thriving m