solar panels roof
Infrastructure such as solar panels, can now be installed with less red tape at stratas. Image: William Mead, Pexels
  • Only 50% of owners have to agree on the installation of sustainable infrastructure
  • This includes solar panels, battery storage and electric vehicle charging points
  • Utilities such as electricity make up to 25% of a strata’s administrative cost

Kevin Anderson, the Minister for Better Regulation and Innovation, has announced changes to the Strata Schemes Management Act which will make it easier to install sustainability infrastructure.

The changes in the law mean within strata committees, only 50% of owners need to agree on the installation of clean energy infrastructure in apartment buildings.

This includes, but is not limited to, infrastructures such as solar panels, battery storage and electric vehicle charging points.

“The reality is that apartment buildings have been held back when it comes to installing renewable energy, and that had to change,” Mr Anderson said.

Mr Anderson noted the difficulty for owners and residents alike to install this type of infrastructure due to high voting thresholds currently in place in strata schemes.

“This Government is committed to creating a strong, safe and sustainable environment for the 82,000 people living in strata buildings in NSW. Every dollar counts at the moment, and I won’t allow red tape to stand in the way of those people accessing clean energy and the lower bills that come with it,” said Mr Anderson.

“Now that we’ve made it easier than ever to get approval to install sustainable infrastructure, we want to ensure there’s nothing else standing in the way.”

According to Fair Trading New South Wales, up to 60% of an apartment buildings total energy can be used in common areas with utilities accounting for on average 20-25% of a strata schemes administrative fund, showing it can benefit not just residents, but also owner corporations.

By using cost-effective measures, common property energy consumption can be reduced by 30-40% – a significant saving.



You May Also Like

The essential property drivers that demand attention in 2024

2024 will be a significant year for property markets, but buyers must be alert to particular factors.

Housing crisis deepens for low-income Australians

A new report has found there are virtually no affordable rental properties in Australia for people on low incomes.

Sydney in “sweet spot” for investors

Herron Todd White‘s latest Month in Review reveals unique conditions could benefit investors

Top Articles

PropertyGuru Asia Property Awards (Australia) returns for its 7th edition, including several brand new award ...

This year's awards include several brand new categories, with entries closing 2 August 2024.

Rentvesting in Australia: A deep dive

Rentvesting offers an alternative path into the property market for priced-out first-time buyers.

Housing crisis survival guide: How to buy your first Australian property

Three property experts give the low down on how to nab a home in this tough housing market.