How green buildings affect property values and getting the valuation method right
“The Green Building Council of Australia has released a new ground-breaking report, Valuing Green, which considers how green buildings affect property values and how valuers can get the valuation method right.
“In only a short few years, Green Star buildings have captured serious attention, now accounting for as much as 30% of the new building market.
“Investors, owners, managers and developers in Australia overwhelmingly confirm that ‘Green Value’ is starting to have an impact on property valuations through lower building operating costs, ease of sale and rent, tenant retention and improved overall occupancy rates. There is a strong industry consensus that Green Star buildings will outperform conventional buildings in coming years.
“It is highly likely that a two-tiered market will emerge, with Green Star buildings attracting premiums and/or existing assets being discounted.”