Norwest Quarter buyers may qualify for discounted ‘green home loans’ due to development’s high sustainability credentials

Buyers who purchase an apartment in Mulpha’s zero carbon precinct, Norwest Quarter in the Hills, may qualify for ‘green home loans’, offering lower interest rates on their mortgage and higher loan to value ratios (LVR) due to the development’s high sustainability credentials.

Stage 1 of Norwest Quarter will deliver 181 net zero-ready apartments that consume 50 per cent less electricity from the grid and are powered by 100 per cent renewable energy with an all-electric design. The apartments have achieved a NatHERS rating of 8.1, placing 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 construction and long-term performance, exceeding the standards set out in the new Sustainable Building State Environmental Planning Policy (SEPP) enacted in October 2023.

Mulpha Head of Developments, Tim Spencer, said, “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.”

He added, “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.”

Norwest Quarter incorporates smart passive design initiatives, including high-performance glazing and insulation, use of light-coloured materials, and building orientation and facades that invite winter sun while blocking summer sun. The environment has also been designed to minimise the urban heat island effect through substantial replanting of the natural landscape.

Apartment buildings in Norwest Quarter will feature rooftop solar panels, high-efficiency centralised air-conditioning, 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 26,000m² of green open space, with nine residential towers containing 864 apartments and up to 6,000m² of space for cafes, restaurants, neighbourhood shops, and childcare facilities.

Mulpha’s ambitious new sustainable residential development is supported by an $80 million green loan from the CEFC and an $80 million green loan from ANZ to cut energy costs by as much as 50 per cent, demonstrating how energy-efficient homes can contribute to our net zero emissions future.