Home buyers put off by carbon tax

Home buyers put off by carbon tax

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Matthew Sullivan

Just over half of Australians feel less confident purchasing property under the federal government’s proposed carbon tax, new research has found.

According to a national survey by mortgage broker Loan Market, 57 per cent of the 482 respondents answered with a yes when asked: “Does the proposed carbon tax affect your confidence in buying a property?”

Around 35 per cent of respondents feel increases to the cost of living will push home ownership out of reach.

Another 22 per cent of respondents to the online survey wanted to wait to assess the tax’s impact.

“The carbon tax is obviously a divisive issue in Australia, as we have seen from the results of the political opinion polls,” Loan Market chief operating officer, Dean Rushton said.

“The home finance and real estate sectors have faced a challenging market for some time and consumer confidence has been subdued. Our survey shows the carbon tax is not something that looks likely to encourage consumers.”

Matthew Sullivan

Just over half of Australians feel less confident purchasing property under the federal government’s proposed carbon tax, new research has found.

According to a national survey by mortgage broker Loan Market, 57 per cent of the 482 respondents answered with a yes when asked: “Does the proposed carbon tax affect your confidence in buying a property?”

Around 35 per cent of respondents feel increases to the cost of living will push home ownership out of reach.

Another 22 per cent of respondents to the online survey wanted to wait to assess the tax’s impact.

“The carbon tax is obviously a divisive issue in Australia, as we have seen from the results of the political opinion polls,” Loan Market chief operating officer, Dean Rushton said.

“The home finance and real estate sectors have faced a challenging market for some time and consumer confidence has been subdued. Our survey shows the carbon tax is not something that looks likely to encourage consumers.”

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