Tax and legal advice

Property industry fights against carbon tax

By webmaster

Concerns that a carbon tax could push up the cost of new homes have been voiced again by the property industry.

Master Builders Australia yesterday announced it would not support a carbon tax unless the issue of increased costs to the building industry are addressed.

According to Master Builders', the building and construction industry could see costs go up by at least five per cent if the carbon tax goes ahead.

"These concerns have been expressed in writing to Minister Combet in the last month and at a meeting with Minister Combet's senior advisers in a meeting at Parliament House today,” Master Builders chief executive Wilhelm Harnisch said.

"The role of the building industry in helping reduce carbon emissions is recognised but what is not well understood is that the building industry is already playing a proactive role through increased mandatory efficiency stringency measures.”

"These measures will see carbon emissions reduce over time and must be taken into account in the architecture of a market based response by government,” he said.

Last month the Housing Industry Association’s Graham Wolfe said the current carbon pricing is already impacting negatively on confidence levels and investment certainty.

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

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

“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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podcast

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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
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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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A joint property portfolio before they were even living together

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