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Buyers Pay More For Green

Home buyers will pay substantially more for sustainable houses with demand for energy-efficient features rising.

The Domain Sustainability in Property report says properties with eco-friendly attributes such as solar and double glazing are also selling 4% faster on average and are attracting 17% more buyer interest.

It says across most capital cities, roughly half of houses have green features, except Sydney, where only 38.7% did, while Canberra had the highest level of 67.2%.

Environmentally efficient houses sold for 14.5% (about $112,000) more than houses without those features while for units the difference was 11.7% ($70,000).

Domain head of research and economics, Dr Nicola Powell says Regional Australia is leading the way in terms of buyers paying more for homes with environmentally efficient features.

“Across the combined regionals an environmentally efficient house fetches 20.9% more than a non-environmentally efficient one and a unit is 30.8% more,” she says.

Powell says this is almost double what buyers pay in capital cities.

Buyers in Melbourne pay the largest price premium of 28.8% for a house and 22% for a unit, followed by Sydney (23.1% and 11.7%), Perth (17% and 14.6%), Brisbane (16.2% and 10.7%) and Adelaide (10.7% and 8%).

Powell says investing in sustainable features could pay handsomely for vendors as demand for green homes rises further.

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Brisbane, Gold Coast, Sunshine Coast, Melbourne

Not all investment property tax depreciation schedules are built the same. They should be but the reality is, like many things in the property world, all is not as it seems. The devil is in the details—and the details are everywhere. But relax, at Washington Brown we take care of every last one.

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The propertybuyer team has been in business over 23 years and purchased over 4000 properties. Propertybuyer is a totally independent “Buyers’ Agency” focused on searching, negotiating and buying property in Australia for home buyers and investors. Our goal for each client is the “right property, at the right price, every time”.

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Our service puts a fully licenced Buyer’s Agent and Qualified Property Investment Adviser right at your side, to ensure that your interests are being protected at all times and your next investment property purchase achieves maximum success. Leverage off our extensive experience, professional know-how, and independent research to ensure that you’re accessing the best property opportunities available Australia-wide.Buying Properties in Sydney / Melbourne / Brisbane / Adelaide we operate on a client first approach, and will never sell you any property. We are 100% fee for service, providing independent & unbiased advice from qualified advisers and Buyer’s Agents. We set the standard in providing exclusive, one-on-one, independent, trusted and expert advice, tailored individually to suit your particular needs.

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