Tag Archives: carbon tax

Carbon tax on housing

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

Carbon tax may trigger rate hikes ahead of its July 2012 introduction

THE risk that the carbon tax will trigger interest rate rises is, in the words of at least one economist yesterday, “a foreseeable risk”.

Economists yesterday broadly agreed with the Government’s forecast that the tax would lead to a 0.7 per cent boost to inflation – low enough to allow the RBA to “look through” the rise when considering future interest rates. Continue reading Carbon tax may trigger rate hikes ahead of its July 2012 introduction