Greenest real estate market

Greenest real estate market

The Green Building Council of Australia [GBCA] has announced that the Australian and NewZealand real estate market is the greenest in the world.

The announcement referred to the latest Global Real Estate Sustainability Benchmark [GRESB] report, which analysed data from 637 listed property companies and private equity real estate funds from around the world. The report covered 56,000 buildings with an aggregate value of 2.1 trillion US dollars, and concluded that Australia /New Zealand is the leading region.

“Australia and New Zealand also performed strongest in terms of green leaders, with 70 percent of the total participants in the highest quadrant, compared with 35 percent in Europe and 32 percent in North America and Asia,” said the GBCA.

“Green building is the world’s fastest growing industry – and Australia is leading the charge,” says the GBCA’s Chief Executive, Romilly Madew. 

“The [GRESB] report underscores our regional leadership, and serves as a reminder of why Australia is one of the best real estate markets in which to invest,” she adds.