Top 10 Eco-Friendly Property Development Trends in 2024

Published

January 15, 2024

As we venture into 2024, the Australian real estate landscape is witnessing a paradigm shift towards eco property development. This transition is not just a trend but a vital response to global environmental challenges.

The industry’s commitment to sustainable living is driving innovations in green technologies and design principles, making it essential for developers and individuals to stay abreast of these advancements. This article delves into the top 10 eco-friendly trends reshaping property development, offering insights into how these trends are empowering people to make environmentally conscious choices for their homes.

1. Sustainable Architecture and Design

The integration of sustainable design principles in property development is revolutionising the industry. Architects are adopting innovative eco-friendly architectural trends like biophilic design, which incorporates natural elements into buildings, and passive solar design, which maximises natural light and heat. These approaches not only reduce environmental impact but also enhance living comfort.

2. Energy-Efficient Technologies

Advanced technologies for energy efficiency are at the forefront of eco-property development. Smart home systems that optimise energy use, renewable energy sources like solar panels, and energy-efficient appliances are becoming standard features in sustainable houses. These technologies not only reduce carbon footprints but also offer long-term cost savings.

3. Green Building Materials

The use of environmentally friendly materials in construction is reshaping building practices. Materials such as recycled steel, bamboo, and reclaimed wood not only reduce environmental impact but also add aesthetic value. Sustainable housing design increasingly focuses on the lifecycle of materials, ensuring minimal environmental impact from production to disposal.

4. Biodiversity and Green Spaces

Incorporating green spaces within developments is a key trend, enhancing biodiversity and environmental quality. From rooftop gardens to community green spaces, these areas provide a habitat for wildlife and a natural retreat for residents. They play a crucial role in improving air quality and creating healthier living environments.

Explore how the infamous Far East Consortium Development, West Side Place, utilises green spaces to introduce elements of nature, tranquillity, and recreational opportunities within the urban environment.

5. Water Conservation Measures

Water-saving technologies and sustainable water management practices are becoming integral to property development. Innovations include rainwater harvesting systems, greywater recycling, and water-efficient landscaping. These measures ensure efficient water use and help in sustaining vital water resources.

6. Sustainable Transportation Solutions

Developers are integrating eco-friendly transportation options into their projects. Features like cycling lanes, pedestrian-friendly pathways, and electric vehicle charging stations are becoming standard. These solutions not only reduce carbon emissions but also promote a healthier, more active lifestyle.

7. Waste Reduction and Recycling Initiatives

Minimising construction waste and operational waste is a growing focus. Strategies include the use of modular construction techniques, which reduce on-site waste, and recycling programs for construction materials. Emphasising upcycling and responsible waste management reflects a commitment to environmental stewardship.

8. Eco-Friendly Certifications and Standards

Adhering to green building certifications and standards is essential for eco-friendly property development. Certifications like LEED and Green Star assess various aspects of sustainability, from energy efficiency to material selection. These standards guide developers in creating environmentally responsible and sustainable buildings.

9. Community Engagement and Education

Engaging the community in sustainable practices is vital. Educational initiatives focused on eco-friendly living can raise awareness and encourage residents to adopt sustainable practices in their daily lives. Community involvement ensures that sustainable development is a collective effort.

10. Net-Zero Energy Buildings

A forefront trend in sustainable property development is the rise of net-zero energy buildings. These innovative structures are designed to generate as much energy as they consume over a year, primarily using renewable sources like solar and wind power. The focus is not only on energy production but also on extreme energy efficiency, incorporating features like high-performance insulation, energy-efficient lighting, and advanced HVAC systems. Net-zero buildings represent a significant stride towards reducing carbon footprints and fostering a sustainable future.

Case Study

As part of Far East Consortium’s commitment to sustainability, Queen’s Wharf Brisbane has become the first development to be awarded the coveted 6 Star Green Star Communities rating in Brisbane.

The multi-billion-dollar integrated resort development has achieved the rating based on how its design will enable social, environmental and economic sustainability outcomes.

The Green Building Council of Australia applauded the development’s ‘liveability’ – including the design of new public spaces and green space for outdoor events, arts and culture and how these will promote active and healthy lifestyle options.

Destination Brisbane Consortium Project Director Simon Crooks said the 6-star rating was a great achievement for the project and it acknowledges the efforts made to ensure the new CBD precinct had been designed in a way that understands and supports how people want to live, and takes into account the scale of the development’s footprint.

“Queen’s Wharf Brisbane has not been designed in isolation, we have considered how the development will be used by all who will come in contact with it including CBD residents, locals, interstate or international visitors,” Mr Crooks said.

Green Star is an internationally-recognised sustainability rating that is a trusted mark of quality for the design, construction and operation of sustainable buildings, internal fit-outs and communities.

The Green Building Council of Australia uses the Green Star Communities rating tool to highlight achievements of precincts, neighbourhoods and communities for social, environmental and economic sustainability outcomes by assessing them across five categories: Governance, Liveability, Economic Prosperity, Environment and Innovation.

The Queen’s Wharf Brisbane development achieved the 6 Star Green Star Communities rating through features such as the upgraded bikeway, the pedestrian bridge, walkways including the Mangrove Walk along the river’s edge, and car park numbers.

Future Prospects and Innovations

Looking ahead, the trajectory of eco-friendly property development is set to soar, driven by technological advancements and a deepening commitment to environmental sustainability. Anticipated innovations include advancements in green construction materials, further integration of IoT for smart and sustainable homes, and breakthroughs in renewable energy technologies. 

The industry is poised to witness an evolution in sustainable urban planning, focusing on creating not just eco-friendly homes but entire sustainable communities. These future trends underscore a holistic approach to sustainability, where every aspect of property development, from design to operation, aligns with environmental conservation and social responsibility.

Further reading: check out some of the wider property development trends we foresee for 2024 here!

Embracing Eco-Friendly Innovation with Far East Consortium

Reflecting on the top 10 eco-friendly property development trends of 2024, it’s clear that the future of real estate is rooted in sustainability. Far East Consortium is at the vanguard of this movement, embracing these innovative practices and setting new benchmarks in eco-friendly property development. 

Our commitment goes beyond building homes; it’s about crafting sustainable communities and fostering a healthier environment. We invite developers, investors, and homebuyers to join us in this sustainable journey, where each step forward is a step towards a greener, more sustainable future for all.