Financial benefits
Better homes for today and tomorrow, with Green Star
Our home is our castle right?
It’s no wonder your home is considered the most important purchase you will ever make, and likely the most expensive. And with that in mind it’s important that your home is a good financial investment but is also a comfortable and healthy home for everyone.
With that in mind the Green Building Council of Australia has developed Green Star Homes.
The financial benefits of a Green Star Home
Did you know that building a home that is better for you, your family and the environment, can have other benefits too?
By choosing Green Star home you’re not only making a choice to go easy on the environment, and live in a more comfortable home. It can also save you money.
While the energy efficiency features in a Green Star Home mean the purchase price is a bit higher, the immediate savings in energy bills and discounted interest rate from a Green Home loan more than cover the monthly loan costs*.
This is how it works:
When we break things down, a Green Star Home will typically increase your loan repayments by $38-$84 per month, to incorporate inclusions required for a more positive, healthy and resilient home. This includes things like solar panels, double glazed windows, improved insulation, heat recovery ventilation systems and water efficient fixtures and fittings.
Did you know that by choosing to build a Green Star Home, you can also access a better value home loan with a discounted interest rate? Which will save you money from day one, and over the life of the loan. Find out more here.
Plus, you can also save significant dollars via energy savings from the Green Star Home. Living in a Green Star Home will typically reduce your energy consumption by 56-60%, equating to energy bill savings of $90-$140 per month.
When we offset the monthly energy + discounted interest rate savings against the costs for the initial set up of the Green Star Home, that equates to a net saving.
Green Star Homes represent a better home, that is also better for the bottom line.
These savings can then be reinvested to pay off your home loan faster.
Saving you up to $115,000 in interest costs on an average sized home.
Long-term the financial benefits of a Green Star Home, far outweigh the initial upfront costs.
See the benefits explained hereAnticipated savings for homeowners, across the eastern seaboard:
Sydney:
Interest savings of $100,000 over the lifetime of the loan.
Loan of Green Star Homes outperforms the remaining principal of the other loan in 8.5 years.
Canberra:
Interest savings of $115,000 over the lifetime of the loan.
Loan of Green Star Homes outperforms the remaining principal of the other loan in 8.5 years
Melbourne:
Interest savings of $95,000 over the lifetime of the loan.
Loan of Green Star Homes outperforms the remaining principal of the other loan in 6.5 years.
How can I access an even better value home loan, by building a Green Star Home?
Beyond the energy saving and financial benefits of a Green Star Home, there are more budget benefits too. Did you know that by choosing to build a Green Star Home, you can also access a better value home loan with a discounted interest rate?
Our partners are offering a lower, standard variable rate, when you build a more sustainable, climate resilient and energy efficient home.
See our guide to accessing a better value home loan with Green Star hereClick any of our partners logos below to find out more about the green home loans they offer:
Green home loan partners
Make the better choice for your family. Ask for Green Star, the standard in better homes.