Is the social agenda driving sustainable property development in Melbourne, Australia?

Ang, SL; Wilkinson, S

Is the social agenda driving sustainable property development in Melbourne, Australia?

Ang, SL Wilkinson, S

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Publication Type:: Journal Article
Citation:: Property Management, 2008, 26 (5), pp. 331 - 343
Issue Date:: 2008-11-14

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Field	Value	Language
dc.contributor.author	Ang, SL	en_US
dc.contributor.author	Wilkinson, S https://orcid.org/0000-0001-9266-1858	en_US
dc.date.issued	2008-11-14	en_US
dc.identifier.citation	Property Management, 2008, 26 (5), pp. 331 - 343	en_US
dc.identifier.issn	0263-7472	en_US
dc.identifier.uri	http://hdl.handle.net/10453/29050
dc.description.abstract	Purpose - Sustainable property development has increased in market share over the past two to three years globally and locally. This research aims to analyze the drivers and barriers to sustainable property development in Melbourne using the triple bottom line (TBL) theoretical framework. The TBL posits that sustainability has social, economic and environmental aspects to fulfil. Design/methodology/approach - A questionnaire was sent out to 190 developers in Melbourne who promoted sustainable property development to ascertain their views about the drivers and barriers. Findings - This research indicates that in the 2007 Melbourne market the drivers were social rather than economic. The data reveal that social reasons are considered more than economic arguments for incorporating sustainability into developments. The business case, or the economic drivers for sustainability alone do not convince developers. Research limitations/implications - The questionnaire survey informed us about developers' views but not why they have these views. The sample was limited to Melbourne. Practical implications - More developments are required for developers to become convinced of the benefits. The relatively low price of energy undermines the business case for sustainability in property here and needs to be fully costed. Originality/value - This paper illustrates that whilst the theoretical framework cites three key areas for sustainability, the reality is that developers are currently driven by social and environmental factors primarily and the business case is not accepted by the majority of developers.	en_US
dc.relation.ispartof	Property Management	en_US
dc.relation.isbasedon	10.1108/02637470810913478	en_US
dc.subject.classification	Urban & Regional Planning	en_US
dc.title	Is the social agenda driving sustainable property development in Melbourne, Australia?	en_US
dc.type	Journal Article
utslib.citation.volume	5	en_US
utslib.citation.volume	26	en_US
utslib.for	120203 Quantity Surveying	en_US
utslib.for	12 Built Environment and Design	en_US
utslib.for	15 Commerce, Management, Tourism and Services	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	closed_access
pubs.issue	5	en_US
pubs.publication-status	Published	en_US
pubs.volume	26	en_US

Abstract:

Purpose - Sustainable property development has increased in market share over the past two to three years globally and locally. This research aims to analyze the drivers and barriers to sustainable property development in Melbourne using the triple bottom line (TBL) theoretical framework. The TBL posits that sustainability has social, economic and environmental aspects to fulfil. Design/methodology/approach - A questionnaire was sent out to 190 developers in Melbourne who promoted sustainable property development to ascertain their views about the drivers and barriers. Findings - This research indicates that in the 2007 Melbourne market the drivers were social rather than economic. The data reveal that social reasons are considered more than economic arguments for incorporating sustainability into developments. The business case, or the economic drivers for sustainability alone do not convince developers. Research limitations/implications - The questionnaire survey informed us about developers' views but not why they have these views. The sample was limited to Melbourne. Practical implications - More developments are required for developers to become convinced of the benefits. The relatively low price of energy undermines the business case for sustainability in property here and needs to be fully costed. Originality/value - This paper illustrates that whilst the theoretical framework cites three key areas for sustainability, the reality is that developers are currently driven by social and environmental factors primarily and the business case is not accepted by the majority of developers.

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http://hdl.handle.net/10453/29050