Ceiling and underfloor insulation must be installed, where reasonably practicable in all rental properties by July 2019. We know it may feel like there is plenty of time, but it’s important to make a start by assessing your rentals insulation requirements so you know what work needs to be done.
I need to retrofit insulation, how much is it?
As a rough guide, the average cost of paying a professional installer to put in both ceiling and floor insulation is approximately $3,400 excluding GST for a 96m2 property.
Before choosing a product, check the cost per square metre against performance - higher thermal resistance or R-value. The prices of lower and higher-performing insulation products are often similar.
Help to cover the cost?
EECA currently offers grants that provide 50 per cent of the cost of ceiling and underfloor insulation in rentals with low-income tenants. The grants are currently available until the end of June 2018.
If your tenant has a community services card you may be eligible for the grant to help cover the cost of insulation in your rental property. For more information about the criteria visit the EECA website
Some councils have programs in place that allow landlords to add the cost of insulation to their rates and pay it off over the years ahead. Get in touch with your local council or visit their website to find out what support is available in your region.