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Benefits of Upgrade Finance for property owners

This type of loan is designed to make existing buildings better, by helping business owners access an array of sustainability upgrades that reduce operating costs.

Across more than 100 projects, Better Building Finance has worked to reduce the carbon footprint of local businesses by 500,000 tonnes of CO2, helping them save over $100 million in operating along the way.

Benefits of this type of finance include

Success Stories

Where it’s available

Currently, Victoria, New South Wales and South Australia have passed the legislation to offer Upgrade Finance.

  • New South Wales
    Blacktown City Council City of Parramatta City of Sydney Forbes Shire Council Kyogle Council Lake Macquarie City Council Lane Cove Council Newcastle City Council North Sydney Council Orange City Council Queanbeyan–Palerang Regional Council Snowy Monaro Regional Council Yass Valley Council
  • South Australia
    Adelaide Hills Council Alexandrina Council City of Adelaide City of Marion City of Onkaparinga City of Playford City of Salisbury City of Whyalla District Council of Robe Kangaroo Island Council Light Regional Council Rural City of Murray Bridge Town of Gawler Yorke Peninsula Council
  • Victoria
    Baw Baw Shire Council Brimbank City Council Campaspe Shire Council Cardinia Shire Council Central Goldfields Shire Council City of Banyule City of Bayside City of Darebin City of Greater Bendigo City of Greater Geelong City of Kingston City of Melbourne City of Merri-bek (formerly Moreland City Council) City of Monash City of Moonee Valley City of Port Phillip City of Stonnington City of Whittlesea City of Yarra East Gippsland Shire Council Frankston City Council Glen Eira City Council Greater Dandenong Council Greater Shepparton City Council Hepburn Shire Council Hobsons Bay City Council Horsham Rural City Council Hume City Council Indigo Shire Council Knox City Council Macedon Ranges Shire Council Maribyrnong City Council Maroondah City Council Mildura Rural City Council Mitchell Shire Council Moira Shire Council Mornington Peninsula Shire Council Mount Alexander Shire Council Southern Grampians Shire Council South Gippsland Shire Council Strathbogie Shire Council Swan Hill Rural City Council Wangaratta Rural City Council Warrnambool City Council Wellington Shire Council Wyndham City Council Yarra Ranges Shire Council

Upgrade Finance is currently available in these councils:

If your council isn’t currently participating, you can help us make it happen by filling in this Expression of Interest form

Green Buildings

Application process

Applying for Upgrade Finance is easy, and you can apply online.


Before you apply, make sure you’re eligible:

  1. Your council offers Upgrade Finance

  2. Your property is on rateable land

  3. The property use is primarily non-residential

  4. The upgrade project has a measurable environmental benefit


You’ll need details about the upgrade project and the business that is pursuing the project, as well as a project proposal (from the contractor or installer).

After the project is approved, your business, local council and lender sign an Upgrade Agreement. The lender advances funds to the installer.


Once the project is completed, an Upgrade Charge will be sent with your next local council rates notice.


For more information about eligibility requirements and the application process, visit the Sustainable Australia Fund.

Ready to start upgrading your building?

Complete the form below, or talk to us on 1300 101 223

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