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Sustainability and mandatory disclosure in Queensland : an assessment of the impact on home buyer patterns

Bryant, Lyndall & Eves, Chris (2011) Sustainability and mandatory disclosure in Queensland : an assessment of the impact on home buyer patterns. In 17th Pacific Rim Real Estate Society Conference, 16-19 January 2011, Gold Coast, Australia. (In Press)

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    Abstract

    Sustainability Declarations were introduced by the Queensland State Government on 1 January 2010 as a compulsory measure for all dwelling sales. The purpose of this policy decision was to improve the relevance of sustainability in the home ownership decision making process.

    This paper assesses the initial impact of this initiative over its first year in operation.

    In partnership with the Real Estate Institute of Queensland, real estate agents and salespeople in Queensland were surveyed to determine what impact the Sustainability Declaration has had on home buyer decision making. The level of compliance by the real estate industry was also reviewed.

    These preliminary findings indicate a high level of compliance from the real estate industry, however results confirm that sustainability is yet to become a criterion of relevance to the majority of home buyers in Queensland.

    The Sustainability Declarations are a first step in raising awareness in home owners of the importance of sustainability in housing. Further monitoring of this impact will be carried out over time.

    Impact and interest:

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    ID Code: 39990
    Item Type: Conference Paper
    Keywords: Sustainability, housing,, buyer decision making, buyer preferences,, mandatory disclosure
    Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500) > Housing Markets Development Management (120503)
    Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500) > Urban Analysis and Development (120507)
    Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
    Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
    Past > Schools > School of Urban Development
    Copyright Owner: Copyright 2011 The Authors.
    Deposited On: 10 Feb 2011 11:03
    Last Modified: 27 Jan 2012 11:42

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