Property 101: Energy efficiency and strata schemes

Property 101: Energy efficiency and strata schemes
Property 101: Energy efficiency and strata schemes

GUEST OBSERVER

Energy efficiency is a concern for many strata schemes that we talk to with several schemes recently upgrading their common property to capitalise on new technology and the ability to save money.

This is becoming increasingly important with energy costs rising and councils signing up to carbon emission reduction programs.

For instance the City of Sydney has a Sustainable Sydney 2030 target of 70 percent carbon emission reduction.

An interesting report for the City of Sydney by Wattblock details research on schemes in the City of Sydney and provides ideas of how energy efficiency can be achieved in existing residential buildings by retrofitting existing solutions.

The report can be found here

Christopher Kerin is Sydney Director, Kerin Benson Lawyers and can be contacted here.

 

Tags: 
Strata Energy Reduction

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