Green Loan Discount
Buyers who purchase an apartment in Mulpha’s zero carbon* precinct, Norwest Quarter may qualify for ‘green home loans’, rewarding them with lower interest rates on their mortgage and higher loan to value ratios (LVR) because of the development’s high sustainability credentials.
Stage 1 of Norwest Quarter will deliver 181 net zero-ready apartments which consume 50 per cent less electricity from the grid and are powered by 100 per cent renewable energy with an all-electric design.
Norwest Quarter’s apartments have achieved a NatHERS rating of 8.1, putting them in the top 10 per cent of NSW and well above the Hills average of 6.6.
Norwest Quarter is one of Australia’s first urban masterplan developments to deliver full-cycle sustainable design principles from conception through to its construction and long-term performance.
A number of lenders offer ‘green home loans’ to borrowers who buy a property which has sustainable and energy-efficient credentials that satisfy the lender’s sustainability requirements. Buyers will need to satisfy their relevant lender’s financial and lending requirements.
Norwest Quarter’s ambitious sustainability measures exceed the standards set out in the new Sustainable Building State Environmental Planning Policy (SEPP), enacted in October 2023 which requires new builds implement measures to minimise the consumption of energy and potable water, reduce greenhouse gas emissions from energy use, monitor the embodied emissions of building materials, and deliver buildings that are comfortable in summer and winter. The policy is the next step in a push toward Net Zero emissions from buildings by 2050.
Mulpha Head of Developments, Tim Spencer said Norwest Quarter will be one of the most impressive precincts in Australia in terms of sustainable practices, initiatives, and design considerations.
“Our off-the-plan buyers in Norwest Quarter can be confident that we are committed to delivering quality apartment buildings that aim to exceed the new SEPPs code requirements.
“As well as making a real contribution to reducing their carbon footprint, buyers will benefit from reduced energy bills and potentially lower loan rates while also enjoying healthier buildings, better air quality and greater access to nature.”
Auxiliary heating and cooling, which typically accounts for around 40% of energy use in the average Australian home, is effectively reduced through architectural passive design.
Norwest Quarter incorporates smart passive design initiatives including high performance glazing and insulation, use of lightcoloured materials, and building orientation and facades that invite winter sun to penetrate whilst blocking summer sun.
The Norwest Quarter environment has also been designed to minimise the urban heat island effect through substantial replanting of the natural landscape. There will be communal gardens, beehives for enhanced pollination, worm farms and composting.
The buildings will feature rooftop solar panels and high-performance, centralised air-conditioning, high efficiency lighting and appliances, induction cooktops, and electric hot water.
When complete, the Norwest Quarter masterplan will transform over 3.8 hectares of land into a vibrant village for over 2,000 residents who will live amongst 26,000m 2 of green open space. Encompassed within the landscape will be nine residential towers containing 864 apartments, and up to 6,000m 2 of space provided for cafes, restaurants, neighbourhood shops and childcare facilities.
To enquire about Norwest Quarter, contact the sales team on 1300 103 580 or visit the Mulpha Sales, Experience Centre at 36 Solent Circuit, Norwest.
