Energy efficiency standards could save NSW renters $1000 a year and increase landlord returns

Minimum energy efficiency standards for rentals will boost landlord’s property values. Picture: Max Mason-Hubers Rental energy efficiency standards are a win-win that can help investors get higher property values and tenants get lower bills, according to new research. NSW is considering minimum energy efficiency standards for rentals and sustainability not-for-profit Renew have crunched the numbers on the pros and cons of efficiency renovations. Helen Oakey is Renew’s chief executive officer and said most rentals only hit a star rating of two out of 10 and that efficiency renovations can be good for both renters and their landlords. MORE: Policy spiral’: How rental laws could hurt housing supply Renew chief executive officer Helen Oakey said minimum energy efficiency rental standards are about fairness, safety and comfort. MORE: Boomer myth exposed in shock finding “Too many renters are living in homes that simply weren’t designed for today’s climate – homes that overheat in summer, are freezing in winter, and cost too much to heat and cool,” Ms Oakey said. “Energy efficiency upgrades improve a property’s quality and market value. “Better conditions can build renter stability and h...