Tax and legal advice

Property industry condemns carbon tax

By webmaster

The Housing Industry Association has slammed the federal government’s carbon tax.

The company’s chief executive – association, Graham Wolfe, said the current carbon pricing is already impacting negatively on confidence levels and investment certainty.

If the government’s planned carbon tax is implemented, Mr Wolfe said its impact on housing affordability, Australian manufacturing, capital investment and jobs would be significant.

“HIA’s position on the government’s proposed tax on carbon emissions was revisited by its National Policy Congress and National Manufacturers Council last week at HIA’s national conference. Both peak bodies were unanimous in their rejection of any carbon tax, pointing out that a tax on carbon emissions will flow through to adversely affect all building products and all sectors of the construction industry,” Mr Wolfe said.

“National Policy Congress and the National Manufacturers Council members were in no doubt that a carbon tax will damage the Australian economy and particularly the building industry, whose consumers cannot afford to pay this new tax.

“Building product manufacturers and new home buyers across Australia will be the hardest hit by a carbon tax.

“There will be an immediate and inevitable flow through of cost increases across the broad range of building materials, products, fixtures and fittings. At $20 per tonne, a carbon tax will add an extra $6,000 or more to the cost of building an average new residence, placing additional affordability pressure on new housing activity, and adding $43 extra per month to family mortgage repayments.”

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With the softening market impacting property values in many parts of Australia, Sally Dale, Opteon state director for NSW, ACT and Qld joins us to discuss the importance of valuations in the current property market

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Joining host Phil Tarrant, Sally will draw on her 25 years of experience in valuation and discuss the processes involved in arriving at a value for a particular property. She will also share how that process differs between commercial and residential properties and the difficulties which regional property valuations can present.

Sally will unpack the importance and cost of regular valuations on your properties, discuss whether presentation and owner input can sway a valuation and share what you should look for when seeking a reputable property valuer.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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Sydney
Brisbane
Adelaide

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Revesby
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Sans Souci
Strathfield

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Gavin Kemp and his now-fiancé bought their first property together after only six months of dating. They weren’t even living together at the time. Now, two years on, the pair have bought five properties, sold two and have a solid plan in place for their ongoing property journey. 

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In this episode of the Smart Property Investment Show, Gavin joins host Phil Tarrant to discuss how he chose the locations where he decided to invest and how, due to the initial lack of education (something that he now values highly), he lost money on his first two investments.

Gavin will share his thoughts on the current property market, reveal the people who he has leaned on throughout his property journey and discuss why his strategy employs a zero procrastination rule.

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A joint property portfolio before they were even living together

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