How Does Demand For Sustainability Affect Multifamily Builders?

Family in their green houseMultifamily builders in Australia will need to consider the public insights on energy-efficient units, due to more people wanting to buy sustainable properties.

This means new projects should adhere to modern heating, ventilation and air-conditioning systems, including pressure vessel equipment from providers like Masterflow Solutions. The Australian Department of Environment and Energy said that HVAC accounts for around 40 per cent of a building’s energy consumption, so it makes sense to focus on it to achieve efficient power use.

Growing Demand

The trend of buying green properties manifested on capital cities such as Melbourne, where some companies even have 3,700 people waiting to buy units from their projects. While more Australians are keen on promoting sustainability, most people can agree that higher living expenses are driving them to patronise energy-efficient homes. Less energy consumption would mean a smaller electric bill for them.

Each household can also save $150 per year if they live in new buildings with energy-efficient features, according to a report from the Australian Sustainable Built Environment Council. For the multifamily sector, geothermal energy could be a key part of this solution.

Sustainable HVAC

The so-called Ground Source Heat Pumps have become a popular tool to advance sustainable HVAC systems in the country. The Fairwater multifamily development in Sydney has the biggest geothermal system nationwide. It allows residents to save up $1,000 in energy expenses every year.

Geothermals require an expensive upfront investment, so you may consider other alternatives if money is an issue. Smart building controls can be a good option. It can be in the form of technology that detects vacant rooms, which then alerts the main HVAC system to adjust the temperature accordingly.

Conclusion

From a business perspective, using energy-efficient features for apartments will be important to lure clients. Companies should look for suppliers that can meet their required mechanical HVAC design in new projects.