Office of Environment and Heritage Director, Tom Grosskopf today announced that the Energy Efficiency and Conservation Authority (EECA) in New Zealand had renewed their license for the NABERS program until 2020.
is a world leading environmental program that measures building energy efficiency, water usage, waste management and indoor environment quality.
In Australia, over 77 per cent of the national office market has been rated.
Mr Grosskopf said the decision to continue with NABERSNZ was both great news for the environment and a testament to the economic value of the program.
"Since the 2012 launch of NABERSNZ
, the foundation work to successfully establish the program has been done, so it made perfect sense to renew their licence until the end of the decade.
Over the next five years we expect to see strong growth in the number of assessments," Mr Grosskopf
said it has been a proven winner in Australia where buildings with high NABERS ratings (4-6 stars) achieved stronger investment when compared to lower ratings (0 -3.5 stars).
"Buildings rated 5.5 or 6 stars have rental returns over 10.6% - clearly outperforming the market average of 9%," Mr Grosskopf
Mr. Tom Grosskopf, Director of the Metropolitan Branch at the Office of Environment and Heritage said, "For nearly twenty years NABERS Energy ratings have been the performance indicator that tenants and investors use to reward property owners with energy efficient assets."
said: "A big factor in the success of NABERS Energy
has been that high ratings have economic value.
looks forward to working with the Climate Bonds Institute
, the Green Building Council of Australia
and others to extend these benefits beyond the office market", Mr. Grosskopf
Director of the Metropolitan Branch at the Office of Environment and Heritage, Tom Grosskopf
, said that a 6 Star NABERS rating is classified as 'market leading', and Mirvac's ability to realise this achievement for a major office building demonstrates their leadership in sustainability.
"Just over 20 per cent of rated buildings are currently achieving a 5 Star NABERS Energy rating or above.
Now that Mirvac
have shown it can be done in a building of this size, we're expecting more companies to follow suit and achieve 6 Star NABERS Energy ratings in the coming years," Mr Grosskopf
"Mirvac's achievement has raised the bar for the property industry, and is an inspiration for the retrofit movement to continue in Australia, ensuring Australia retains its place as global market leaders in sustainability," Mr Grosskopf