Carbon Tax Not an Issue
Despite the controversial carbon tax being implemented, it’s still a good time to consider a home loan and build a new property. GJ Gardner Homes Tweed owner, Peter Leotta, says there are a lot of benefits to building new. “On top of the government stimulus, buyers get a brand new home under warranty and get exactly the home they want,” he said. Mr Leotta said the impact of the carbon tax on new homes was uncertain and would not be known for some time.
“We’ll see a period of adjustment, but until builders encounter cost overruns and are able to pass them on, we will not know what the total increase will be.” Industry experts say a rise of around $2,000 for an average country home of about $300,000 is expected. But Mr Leotta says attributing it to the carbon tax is not necessarily accurate, and builders should be careful in doing so.