As our climate warms and the need to take action on environmental issues grows increasingly urgent, the green property sector is becoming ever more attractive to investors, property developers and buyers.
Broadly speaking, green properties are built with energy efficiency in mind, with the aim of reducing their impact on global warming. They have the added benefits of lower lifecycle costs, and are becoming increasingly marketable as younger generations grow more concerned about the urgent need to curb energy consumption. On average, green buildings tend to cut down on greenhouse gas emissions by around 60%. If everyone adopted green building principles, humanity’s overall impact on the environment would decrease dramatically.
Although green buildings tend to cost more initially due to their sophisticated materials and research costs, they are a long term investment that will save money down the line. In terms of commercial properties, green buildings can be a real draw for potential customers, clients or employees impressed by a company’s commitment to sustainability. At a time when companies are under increasing pressure to prove their philanthropic and humanist values, investing in green property can be a great way to do this.
The future of green property in Australia
The Green Building Council of Australia was set up in 2002 with the aim of promoting the adoption of sustainable building practices in the country. Since then, the number of green buildings has increased steadily, and is set to continue well into the future.
Developers, investors and building owners are aware that adopting green values is a good business tactic thanks to its cost-saving qualities and ability to improve health and wellbeing. Indeed, as this awareness strengthens, so does the health of the market.
The next stage in the evolution of green buildings will soon be coming into effect thanks to fast developing technologies. As the world grows increasingly connected and the Internet of Things develops, so too will green building technology, making green buildings hot property at the forefront of technological innovation.
What are the main benefits of green properties for commercial enterprises?
Green properties have been shown to generate a number of positive effects in a wide range of organisations.
Employees who work in a green office, for example, are likely to stay at an organisation for longer than those who do not, for example. This is because the knowledge that they are working in an environmentally friendly space increases mood and wellbeing, and strengthens their trust in the company for which they work.
Cutting down on future energy costs is another great draw for businesses, as they can rest in the knowledge that they will not face any shock energy bills in the future. Future-proofing the business in this way can leave room for investment in other areas of development.
Finding a private lender to invest in green properties
If you are interested in making the most of the green property boom, finding the right private lender for you may be the first step. At Global Capital Commercial, we can help you secure the loan you need.