What is a Sustainability Declaration?

A sustainability declaration (SD Form) is a compulsory checklist that must be completed by the seller when selling a house, townhouse (class 1a buildings) or unit (class 2 building) from 1 January 2010. The declaration will inform buyers about the sustainability features of a property and increase community awareness of the value of such features. The declaration identifies the dwelling’s environmental and social sustainability features in four key areas:

•  energy
•  water
•  access
•  safety
 
Why is this being introduced?

There is growing concern about the impacts of climate change and the need to improve existing housing stock. Encouraging prospective buyers to make informed choices about the sustainability performance of residential buildings is becoming increasingly important. Properties with a greater number of sustainability features potentially have lower energy  costs and use less water. They can also be more comfortable to live in and generate fewer greenhouse gas emissions. Homes with access features may be more liveable for occupants during their various life stages and the inclusion of safety features can reduce potential risks around the home. The declaration aims to increase awareness about sustainable housing features when a property is marketed for sale. It also promotes possible ongoing financial and environmental benefits that could be achieved with specific features. It is anticipated that the declaration will help promote the sustainability of a home and become a key marketing tool for real estate agents and private sellers.