National Australian Built Environment Rating System (NABERS) is a sustainability measurement used across the building sector. It’s a simple and reliable way to measure the sustainability of offices, shopping centres, data centres, hotels, and apartments, etc. It’s part of the Australian initiative to achieve the 40% energy productivity target of 2030 and falls under the National Energy Productivity Plan.
What Is a NABERS Rating?
The NABERS system was established as a means to measure what you manage and can save energy by up to 40%. NABERS ratings are an excellent way for investors to measure and understand a building’s environmental performance. It’s also a great tool for owners interested in managing their investment and reducing costs.
It operates on a one to six-star rating for water, waste, energy, and indoor environment. It provides owners with an insight into their building performance versus the performance of similar buildings. NABERS provides a benchmark for success and progress with ratings valid for 12 months. An annual model ensures an accurate representation of a building’s performance.
How Does A NABERS Rating Impact Commercial Property Development?
The purpose of these ratings is to limit the impact new and existing buildings have on the environment. According to Architecture 2030, 40% of global carbon emissions are the result of buildings. They also consume 40% of the energy. If you break it down for the commercial building sector, it’s responsible for 10% of total carbon emissions and 25% of electricity usage (in Australia). The more environmentally friendly a building is, the better it is for everyone.
Its impact on commercial property development is two-fold. First, developing environmentally friendly property provides owners with a competitive edge. It makes it a more attractive prospect to renters, buyers, guests or procurement teams. Second, a NABERS rating is necessary for any commercial space greater than 1,000m2. If you develop larger properties, you have to factor the rating into your decision-making process.
If you want to know more, get in touch with the team here at McGees today.
This Article is for general information only and should not be relied on as advice. You should consider your personal situation and seek advice that is specific to your circumstances before making any decisions based on this information. Liability limited by a scheme approved under Professional Standards Legislation.
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Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.
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