Housing sector

Strata housing sector can help achieve net zero emissions

“It doesn’t mean they have to install the chargers, but they can facilitate the infrastructure capacity of the premises, so that the strata can set up these facilities,” he said.

“Right now, there’s so much talk about the energy crisis and energy security, and the strata sector is big enough to put in place innovative infrastructure and sustainability initiatives, which then impact multiple people.”

The SCA urges the government to create a National Strata Sustainability Fund with money for strata-specific grants, fund education for the strata industry to improve sustainability programs, and encourage the Adoption of sustainability initiatives through direct investments in strata programs.

“Residential and commercial buildings contributed around a quarter of Australia’s emissions in 2019 and account for just under half of Australia’s electricity consumption, Mr Duggan said.

“Significant reductions in emissions and consumption in these buildings would contribute greatly to Australia’s overall emissions reductions.”

When looking at the strata scale in Australia, the potential environmental benefits from large-scale support and the introduction of sustainable initiatives were undeniable, said Mr Duggan.

“Clearly, investing in sustainability in strata has a multiplier effect that is not felt anywhere else in the economy,” he said.

“A residential homeowner can change one household’s sustainability habits, but a homeowners company can incorporate changes for 100 households.”

The government also needed to take further action, invest in strata industry knowledge and research and implement the changes to improve consumer outcomes and avoid a future where one Grenfell, Miami, Opal or Mascot was another possibility, Mr. Duggan said.

“One way to achieve this is to support the introduction of rating tools that give consumers more transparency when buying strata apartments to restore confidence in the quality of new developments,” he said. -he declares.

“The government can also expand building warranty schemes to include buildings over three storeys in all jurisdictions that do not currently include such buildings and support the implementation of 10-year liability insurance products to give more trust to strata consumers.”

Nationally consistent implementation of Building Confidence Report (BCR) recommendations would reduce construction defect costs by approximately $1.4 billion per year and provide time savings of approximately $375 million per year, according to SCA.