In 2012 we saw the introduction of new finance opportunities for environmental upgrades. Low Carbon Australia, which was established by the Australian Government, provides finance for energy and carbon-saving upgrades for non-residential buildings.
At the end of 2011, Low Carbon Australia, partnered with National Australia Bank (NAB) signed the first Environmental Upgrade Agreement (EUA) for 123 Queen Street, Melbourne.
The signing of this EUA was said to have paved the way for property owners to access finance for environmental retrofits of commercial buildings during 2012.
About the same time, Under the Building Energy Efficiency Disclosure Act 2010 (the Act), we began to see obligations placed on many commercial buildings. Most sellers or lessors of office space of 2,000 square metres or more were required to obtain and disclose an up-to-date energy efficiency rating.
Shortly after, Buildings Ratings came online. Since the CBD Mandatory Disclosure Scheme, the need for a nabers rating prior to buying, selling or leasing a commercial property has never been greater.
Building Ratings saw the need for a website which brings consultants, clients and assessors together in order to assist.
Building Ratings launched their website to commercial estate agents across Australia in order to generate interest to the site and referrals to Commercial building owners across Australia.
Building Ratings is a one-stop shop for clients, agents, consultants and accredited assessors to receive and bid on NABERS ratings.
It was designed to provide clients with the best possible price for a yearly NABERS rating. If you needed to improve your rating, you could visit the Consultant link to search for the specialty, size and location of a consultant who can help you improve your rating!
Building Ratings also launched its services to the Property Council Of Australia (PCA) members. The Property Council Of Australia is the leading advocate for Australia’s $600 billion property industry.
It counts the bulk of the nation’s major investors, property owners and developers – as well as the industry’s professional service and trade providers – amongst its members.
Many key members of the PCA have holdings in commercial property assets and may have found the service beneficial in assisting in their search for a NABERS rating. The PCA often provides news and articles in relation to the Mandatory Disclosure scheme.
To our knowledge, that service no longer exists and builders are required to go to the Government approved Assessors website for the help they need.