Agents see green over new legislation

FORMER deputy mayor and head of property consultancy firm Power Strategic, David Power, believes every new home built in Queensland in the next five years will require a 6 Star green rating by law.

“The auditors of the future will become like the work place health and safety officers of the 1980s,” predicts Power.

His comments follow State Government’s decision to enforce sustainability declarations as of March when a house, townhouse or unit is marketed or offered for sale.

Power says agents may face fines of up to $10,000 and vendors up to $4000 for false or misleading declarations. Vendors and real estate agents will have to work harder following the introduction of the declarations.

“This is a new initiative from the Queensland Government and has major implications for vendors and their agents,” says Power.

“The vendor must at all times be the signatory on the declaration and the agent must not be the signatory. This places enormous responsibility on the vendor to ensure the provisions of the regulations are met or they risk a fine.”

It is now mandatory for all property advertisements to refer to the sustainability declaration and a copy of the declaration is to be made available whenever the home that is for sale is open to the public or inspection.

“The seller must ensure a copy of the sustainability declaration is conspicuously displayed at the site or in the dwelling,” says Power.

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Netflix NT drama series Territory to debut in October

Netflix NT drama series Territory to debut in October

Netflix is set to launch its next blockbuster Australian drama seri...

American Express to pay $8m fine over inappropriate targeting of co-branded David Jones credit cards

American Express to pay $8m fine over inappropriate targeting of co-branded David Jones credit cards

American Express Australia (Amex) has been ordered to pay an $8 mil...

Results from Juukan Gorge show 47,000 years of Aboriginal heritage destroyed in mining blast

Results from Juukan Gorge show 47,000 years of Aboriginal heritage destroyed in mining blast

Aboriginal and Torres Strait Islander readers are advised this arti...

From Michael Hill to Adore Beauty, retailers rise on positive sales results

From Michael Hill to Adore Beauty, retailers rise on positive sales results

A handful of retailers including jeweller Michael Hill Internationa...