The Office of the Building Commissioner conducted a recent study that found defects in 39% of recently constructed apartment buildings. Buildings completed within the last six years had waterproofing, structural, and fire safety issues.
These types of issues lower consumer confidence in property developers and the projects they engage in.
iCIRT, a recently established star-rating tool to assess building professionals, is one of the many reasons property developers should consider an Arc Energy embedded network for their next project.
Consumers rate developers on the quality of their apartment builds. In turn, the developers must meet the minimum average of three out of five stars to be considered trustworthy.
“Ratings are a game changer. Consumers in NSW will now have the benefit of an independent assessment that lets them find a trusted, rated developer who has shown they have the capital, experience, and capability to deliver a quality apartment.”
– Kevin Anderson, Minister for Better Regulation and Innovation
Embedded networks optimise developments and help property developers future-proof their projects. Here are some of the ways embedded networks and property development go hand-in-hand:
Centralised Infrastructure – The infrastructure for water, electricity, and data are all handled by the embedded network operator. From site evaluation and planning to billing and support, developers benefit from having a team of industry experts.
Streamlined Processes – As one provider is responsible for the setup of the utilities, this streamlines the process. Quality control is easier to track and developers only need to consult with one provider as opposed to several.
Reduce Capital Costs – Developers can reduce their building costs and potential complete builds faster when they choose an embedded network. The embedded network operator bears the responsibility for utility infrastructure, in addition to the materials required.
Improved Marketability – Developers can offer investors a suite of embedded solutions and renewable solutions. Residents can move into a unit that already has connected utilities. Plus, the opportunity to reduce cost of living with discounted energy rates.
How Embedded Networks Future-Proof Development
Smart Home Automation Technologies
Smart home automation adds value to any residential development by delivering real-world energy savings for homeowners. They provide the tools consumers need to monitor and optimise.
Smart meters use smart technology to monitor and record the amount of electricity a household or business uses at 30-minute intervals. Consumers benefit from:
- Instant access to information regarding their energy consumption through a mobile app or online portal.
- More transparency regarding how much, when and where they are consuming electricity within their property. This helps them identify areas where they can save on costs and reduce their carbon footprint.
- The ability to control lights, heating, cooling, and other appliances from anywhere at any time via a smartphone or tablet device.
“At a community level, smart meters are a crucial enabling tool for the reforms we all need to decarbonise the grid. They are a gateway to enabling a more dynamic and flexible market – where energy is traded both ways and consumers – and the grid – can harness the power of distributed energy resources like rooftop solar, batteries, and electric vehicles.
– Anna Collyer, AEMC Chair
NABERS Energy Ratings
In Australia, building construction, operation, and maintenance account for nearly a quarter of greenhouse gas emissions.
The Australian government uses NABERS to measure the environmental performance of buildings, tenancies, and homes. NABERS stands for National Australian Built Environment Rating System. The rating ranges from one star to six stars.
Buildings with higher NABERS star ratings:
- Use utilities like energy and water more efficiently
- Have lower operating costs
- Are better for occupants and the planet
- Appeal to more prospective buyers
- Attract and retain tenants
Give your building a competitive edge by providing integrated solutions like solar PV panels, LED lighting, EV charging facilities, centralised water systems, and smart home automation.
Advances in technology have revolutionised the way people think about energy. Consumers today are more aware of the environment and want to know they’re making the right decision when it comes to their energy needs.
They are seeking smarter solutions to better understand and manage their energy usage, whilst also looking for greener alternatives. Modern homebuyers are making decisions based on how sustainable a dwelling is, not just how it looks or what features it has.
Embedded networks aren’t only good for the environment. For developers, embedded networks increase property value, reduce construction costs and timelines, and indicate a commitment to Australia’s ongoing green initiatives. Arc Energy is here when you’re ready to make the shift.