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Huge price impact to Aussie housing market

Australia is lagging behind other western countries in one key area of the housing market, and when it catches up it will have a massive impact on prices. reports the nation will need to energy rate all homes if the country is to reduce carbon emissions by 43 per cent by 2030, banking chief Anna Bligh said.

Once the sector starts energy rating all houses, markets would behave differently, with higher value associated to lower-emitting houses, and “converting” potential for higher-emitting properties, she said.

The Australian Bankers Association chief executive told an Australian Information Industry Association conference in Canberra on Wednesday that while there had been a focus on measuring emissions in the energy and transport markets, standardised analysis tools were desperately needed for the housing sector.

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