Now we know the starting price on carbon – $23 – a clearer picture is starting to form as to its impact on the property industry. Will it have a negative impact? That all depends on who you talk to.
The Housing Industry Association – a body that represents builders and the makers and suppliers of building products – remains opposed to a carbon pricing plan, arguing it will add $5000 to $6000 to the cost of a new house and land package – taking into account everything from the price of developing the land to fitting a kitchen cupboard handle. Continue reading Carbon tax on housing→
The Australian housing market has a bright future, and Gen Ys will be the ones to lead it there, a social demographer has claimed.
In spite of growing pessimism surrounding the economy, KPMG partner Bernard Salt has told Australian BrokerNews he expects economic conditions to pick up within the next few years. Salt claimed much of the economic pessimism in the housing market is merely reverberations from the GFC. Continue reading Gen Ys will lead housing revival→
The Aussie dollar reached parity with the US greenback in October 2010 and has maintained its strength since. But how much longer can this run last?
“What goes up must come down” might be an essential feature of gravity, but many others believe the Aussie dollar is held to the same principal. The dollar reached parity with the US greenback last October – the first time since it was floated in 1983. Since then, the dollar has inched upwards nudging $US1.10 in early May. Continue reading Which way for the Aussie dollar?→