Master Builders has criticized the Senate's move yesterday to pass the carbon tax legislation, claiming it will increase the cost of housing.
The association claimed the government and Greens "have voted to increase the cost of housing" in passing the legislation. Master Builders said independent modelling showed the cost of a new house will increase at least $5,000 under the tax.
"The new tax could not come at a worse time - there is an serious undersupply of new housing and households and new home buyers are struggling with worsening housing affordability and increased cost of living pressures - the now legislated carbon tax will only put them under more housing and cost of living stress," Master Builders CEO Wilhelm Harnisch said.
Harnisch argued that the tax would cause the building and construction industry to lose up to $3.6bn in 2020.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out