Sustainability goes mainstream for Australian property buyers
Green is the new black among prospective homebuyers
2 min
The number of for-sale listings promoting eco-friendly inclusions in homes has jumped in recent years as would-be buyers prioritise sustainability, new research reveals.
Analysis by Ray White shows a clear trend in what the real estate group has dubbed ‘green listings’, with energy and water-saving features the most frequently mentioned in ads.
“Over the last three years, there has been an increasing proportion of listings with ‘solar panels’, ‘battery’ or ‘off-grid’ appearing in advertising copy,” Ray White data analyst William Clark said.
“This is not an exhaustive list of ways a house can be green, however solar panels were the most frequently advertised, while batteries and being off-grid make a house green to the greatest degree.”
Sellers are responding to increased demand from homebuyers but regulatory changes in some states, including laws against gas connections in new builds, are also driving the trend, Mr Clark said.
Most listings with green features mention just one, he added.
“Although, it is also becoming more frequent over time to see two to four and even five green features per house. In 2023, we even saw eight listings with five green features.”
Queensland had the highest proportion of green listings (20.3 per cent) in the 2022-23 financial year, followed closely by the Northern Territory (19.6 per cent) and South Australia (19.5 per cent).
The country’s two most populated states, New South Wales and Victoria, had the lowest proportion of green listings with 11.4 per cent of all ads each.
“There’s no denying that all states have sufficient physical space to support more properties with rainwater tanks and a self-powered grid, but we saw in the results that Queensland, with large amounts of wealth along the coast, had the most green listings,” Mr Clark said.
“Meanwhile, New South Wales had a lot of ground to cover in last place. As the industry modernises and more laws are put in place, will 2024 see even more green listings?”
The findings mirror analysis by data house PropTrack earlier this, which found 55 per cent of surveyed Australians rate a home’s energy efficiency as being “extremely important”.
That figure was up 17 per cent on the same period last year, perhaps indicating the desire to save money during the cost-of-living crunch, the research concluded.
The analysis found solar power was the green feature most searched for (71 per cent) while other items on property searchers’ wish lists included double-glazed windows, effective insulation, hydronic heating and electric vehicle charging.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
The G80 Sport makes its entrance, displaying dynamic design details and elevated automative capabilities.
2 min
Juma Al Majid LLC, the exclusive dealer for Genesis in the UAE, has launched the G80 – a cutting-edge luxury sedan. Merging tradition with innovation, this model embodies Genesis‘ relentless pursuit of superior design, state-of-the-art technology, and unmatched luxury.
The new G80 marks a significant milestone in introducing Korean automotive excellence to the UAE, highlighting the brand’s commitment to providing exceptional experiences.
Meticulously crafted, the redesigned G80 adheres to the ‘Athletic Elegance’ design philosophy synonymous with Genesis. This luxury vehicle features refined details and cutting-edge specifications, combining comfort and style to elevate every driving experience to new heights.
“The debut of the all-new G80 in the UAE market propels our vision to converge advanced technology and refined elegance”, stated Suliman Al Zaben, Director of Genesis, UAE. “This launch is a step forward for Genesis in the UAE market and strengthens our efforts to offer ultimate luxury, innovation, and unique design to our incisive customer base.”
With a new dual-mesh design, the G80’s exterior enhances the sophisticated appearance of the Two-Line Crest Grille, paired with iconic Two-Line headlamps featuring Micro Lens Array (MLA) technology. This highlights Genesis’ commitment to harmonizing advanced technology with elegant design. The five 20-inch double-spoke wheels exude a dynamic aesthetic, resembling sleek aircraft lines, complementing the car’s parabolic side profile. Rear diffusers conceal mufflers adorned with distinctive V-shaped chrome trim inspired by the Crest Grille, embodying an eco-conscious ethos in today’s technology-driven era.
The G80 reinforces Genesis’ design philosophy in its interiors, inspired by the uniquely Korean concept of the Beauty of White Space, integrated with state-of-the-art technology to create cosmetic brilliance for users. The 27-inch-wide OLED display seamlessly combines the cluster and AVN (Audio, Video, Navigation) screen in a horizontal layout, extending to the center fascia, showcasing its flair for innovative technology. The touch-based HVAC (Heating, Ventilation, and Air Conditioning) system offers ease of control, while the redesigned crystal-like Shift By Wire (SBW) ensures a comfortable grip, infusing a sense of luxurious convenience.
With its dual-layered Crest Grille and expanded air intakes, the G80 Sport package delivers a dynamic and sporty spirit. Exclusive interior options, such as a D-cut steering wheel and carbon accents, enhance its sporty allure. Equipped with Rear Wheel Steering (RWS) and Electronic Limited Slip Differential (E-LSD), the G80 Sport 3.5 twin turbo model is built for stable control during high-speed maneuvers.
Fitted with advanced safety and convenience features, this luxury sedan includes Remote Smart Parking Assist 2, Lane Following Assist 2, and a Fingerprint Authentication System. The three-zone HVAC system provides customized climate control for all passengers. With two powertrain options – a 2.5 turbo engine delivering 300 horsepower and 43.0 kgf·m of torque, and a 3.5 twin turbo engine producing 375 horsepower and 54.0 kgf·m of torque – superior driving dynamics ensure a silent and luxurious driving experience.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
