Australians prioritize energy efficiency amid cost-of-living crisis

Australians are increasingly turning to energy efficiency to reduce energy costs as the cost of living crisis continues to grip the country.

This report compiles data from the more than 10 million Australians who use realestate.com.au every month, using data from the September 2023 Residential Audience Pulse Survey.
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‘Australians are becoming more interested in improving the energy efficiency of their homes as the higher cost of energy usage and concerns about climate change weigh on their minds,;’ said PropTrack senior analyst and report writer, Karen Dellow.

“Residential buildings are responsible for around 24% of overall electricity use and more than 10% of total carbon emissions in Australia, so improving the energy efficiency of new and existing properties could also reduce the country’s emissions.”

Residential buildings are responsible for around 24% of overall electricity use and more than 10% of total carbon emissions in Australia, so improving the energy efficiency of new and existing properties could also reduce the country’s emissions.

More than two-thirds, or 68%, of the survey’s respondents said that energy efficiency ratings were important when buying, renting, or building a property. On the other hand, 34% of respondents believed energy ratings were extremely important, 6% up from last year.

Energy efficiency was more important for renters (44%) compared to buyers (29%) and people building their own homes (35%).