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Australia’s national real estate body has delivered a dire warning following a rise in accidents related to rechargeable batteries.
Lithium-ion batteries are found in a vast array of household goods, from phone chargers to electric toothbrushes.
While these batteries may sound harmless, they have been linked to a significant number of life-threatening incidents, including loss of property and fatal fires.
Leanne Pilkington, president of the Real Estate Institute of Australia (REIA) expressed concern about the absence of government-enforced safety measures, leading to a lack of clarity on their safe handling that she says is integral for both household residents and property managers.
“By 2026, it’s projected that the average household will possess around 33 items powered by lithium-ion batteries. Shockingly, a survey of over 4,000 Australians revealed that 54 per cent of respondents use aftermarket chargers, and 39 per cent are uncertain about proper lithium-ion battery disposa[l] methods, often leaving devices unattended while charging,” said Pilkington.
Over the past five years, the Australian Competition and Consumer Commission (ACCC) has issued 23 recalls for lithium-ion battery products that have affected approximately 89,000 items on the market, according to the REIA.
“The ACCC has issued crucial warnings regarding lithium-ion battery safety, emphasising the risks of explosion, fire, and serious injuries including burns, chemical exposure, and smoke inhalation,” Pilkington stated.
Despite these warnings, Pilkington noted “there is currently no uniform government regulation in place to address this critical issue.”
So far, the ACCC has issued recommendations for both state and federal governments including establishing a streamlined electrical regulatory framework, consistent testing, and legal requirements for transportation and storage of lithium-ion batteries.
However, the REIA flagged that there’s little clarity about when such a framework would be implemented and whether it will adequately protect strata occupants and properties.
“What is urgently needed is a standardised guideline across all jurisdictions, as well as support from insurers,” Pilkington stated.
“This is essential not only for individual home owners to prevent costly damages and tragic loss of life but also for real estate agents, particularly property managers and strata managers, to provide essential guidance to tenants.”
The NSW government is currently conducting a parliamentary committee inquiry into battery risks and fire management, with a particular focus on electric vehicle fires. The inquiry followed an alarming rise in electric car and scooter fires in NSW, with 2023 seeing 61 separate battery-related incidents requiring emergency services.
The outcome of the inquiry is “eagerly awaited by stakeholders across the country,” according to the REIA.
“The REIA urges swift government action to prioritise the safety of lithium-ion batteries, emphasising the need for comprehensive legislation to protect lives, property, and the interests of all stakeholders,” the president concluded.
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