green energy

Australia currently has one of the most active green building markets in the world, and the level of activity is expected to grow over the next three years to 2021.

That’s the key takeaway from the recently released World Green Building Trends 2018 SmartMarket Report [1], produced by US-based Dodge Data & Analytics and released in late 2018.

The report, based on a global survey of more than 2,000 industry participants including architects, engineers, contractors, owners, specialists/consultants and investors from 86 countries, sought to analyse:

In Australia and New Zealand, the top sector for future green building is new commercial buildings, with the top triggers being client and market demands. The report notes that Australia is notably higher than the global average for each of these factors, which demonstrates the sway clients and market demands have on encouraging the green building market in Australia.

The other top triggers for green building growth in Australia were “doing the right thing” and “healthier buildings”, while the influence of environmental regulations was slightly lower than the global average.

While the report anticipates sustained growth in Australia’s green building market over the coming years, it also notes that cost concerns continue to nag the local market.

What’s behind green building growth in Australia?

Below are the key Australian takeaways and statistics from the report.

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  1. https://www.worldgbc.org/news-media/world-green-building-trends-2018-smartmarket-report-publication>