Episode 24: 7 Star Energy Ratings explained - with Brian Haines
11th September 2023 | 53m 05s | Guest(s): Brian Haines
Join us in this enlightening episode as we delve into the world of energy ratings and sustainable living. We kick off by introducing AI and machine learning into energy ratings, paving the way for a greener future. Discover the ins and outs of NatHERS (Nationwide House Energy Rating Scheme) and what it takes to achieve a coveted 7-Star rating. Explore the key design elements impacted by these changes, and learn how land orientation and neighboring houses can influence your home's price. We also discuss the shift from 6-Star to 7-Star requirements, the associated costs, and the 'whole of home' perspective. Plus, we address whether now is the time to buy to avoid the new requirements and explore alternative materials for achieving higher energy ratings.
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Timestamps:
8:20 - Introducing AI and machine learning into energy ratings
10:25 - What is NatHERS (Nationwide House Energy Rating Scheme)?
13:00 - What will it take to achieve a 7 Star rating?
15:00 - What are some of the key design elements that will be impacted?
18:50 - Why windows will need to be smaller moving forward
22:28 - Will the orientation of your land and neighbouring houses impact the price of your home?
26:30 - How will 7-Star requirements change the way base prices are presented to customers?
33:52 - Why are we moving from 6-Star to 7-Star rating requirements?
38:05 - How much more will it cost to go to 7-Star - roughly?
40:08 - What does ‘whole of home’ mean and how does it impact energy ratings?
42:34 - Should you buy now to avoid the new requirements?
44:50 - Are there alternative materials that can be used to achieve higher energy ratings?
46:59 - Will pre 7-Star houses achieve a premium in the established real estate market?