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North Adelaide Villa chases $2.4m record
Messenger News TOP DOLLAR: Klemich Real Estate managing director Oren Klemich outside the four-bedroom home in Barnard St, North Adelaide. A BARNARD St home is set to … |
The assessment has to be done before any property can be sold or rented under new laws to tackle carbon emissions.
The mandatory assessment – being drafted into law by the federal and state governments – will rate homes by an energy efficiency star system, similar to the ratings given to fridges and washing machines.
It will apply to all commercial properties from later this year and to all residential properties from May 2011, Adelaide Now reports.
A spokesman for State Energy Minister Pat Conlon said the ratings would inform prospective owners or tenants of a building’s energy use, so they could factor it in to their buying or rental decision.
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The spokesman said details of the "Mandatory Disclosure" scheme – including who would carry out the assessments and how much they would cost – were yet to be decided.
Energy efficiency expert Arthur Grammatopoulos, of Helica Architecture, said rating properties could cost up to $1500 per house.
"I think this is a positive move for the industry but the question has to be asked, will there be enough experts to cope with demand when the law is introduced?" he said.
A similar scheme with a six-star rating has been operating in the Australian Capital Territory’s property market for several years.
Queensland’s State Government introduced a mandatory Sustainability Declaration form on January 1, requiring homeowners to declare their property’s green credentials to prospective buyers or risk a $2000 fine.
Mandatory disclosure has been criticised by property experts as an unwarranted expense that will not influence purchasing decisions or cut household pollution.
The Real Estate Institute of SA said governments were playing environmentally "popular politics" by introducing a law that they say will simply add to the cost of selling and renting a home.
"I think they are patronising people who are making the biggest purchase decision of their life by thinking a rating system will influence that decision," REISA chief executive Greg Troughton said.
"It’s already hard enough to buy and sell a home and this is just another financial impost that also has the potential to delay the sale of a property."
While Mr Troughton said vendors would bear the cost of having their home rated by a licensed expert, independent SA MLC and former Valuer-General John Darley said landlords would look to pass the cost on to tenants.
"This will be an extra cost to working families who have to rent because they can’t afford a mortgage," he said.
"And we need this like a hole in the head unless the governments can convince us there is a definite benefit, like a reduction in household pollution."
The Council of Australian Government’s National Strategy on Energy Efficiency says Mandatory Disclosure will "help households and businesses prepare for the introduction of the Carbon Pollution Reduction Scheme".
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THE man charged with overseeing the $2 billion Buckland Park development believes it will cement the northern suburbs as the hub of Adelaide’s employment and residential growth.Newly appointed project director Tim Solan said developer Walker Corporation welcomed the State Government’s approval of the project, after a three year planning process.
Twice the size of Mawson Lakes, Buckland Park will be home to 33,000 people by 2036.
About 12,000 new homes will be built on 1340ha of land on Port Wakefield Rd, just west of Virginia.
Stage one of the development, expected to begin later this year, will include 600 new homes.
The development will include six schools, a district centre, improved public transport and 279ha of public open space.
The first Buckland Park residents are expected to move in in 2012.
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ALL Australian homes will soon have to undergo a mandatory energy-efficiency assessment costing up to $1500 per property.The assessment has to be done before any property can be sold or rented under new laws to tackle carbon emissions.
The mandatory assessment – being drafted into law by the federal and state governments – will rate homes by an energy efficiency star system, similar to the ratings given to fridges and washing machines.
It will apply to all commercial properties from later this year and to all residential properties from May 2011, Adelaide Now reports.
A spokesman for State Energy Minister Pat Conlon said the ratings would inform prospective owners or tenants of a building’s energy use, so they could factor it in to their buying or rental decision.
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Latest ABS statistics show in the 12 months to December house prices increased by just 5.1 per cent – well below the national average of 13.6 per cent.Quarterly results show a 2.1 per cent increase, compared to the nation’s 5.2 per cent.
Agents said Adelaide does not experience the “peaks and troughs” as the other states do, meaning our increases are typically less than our interstate counterparts.
“In early 08 to mid-08 our market was still pretty strong, it got hard late 08 and a big chunk of 09, where as the Melbourne and Sydney market in early 08 were just dreadful,” he said.
“They really hit a much bigger hurdle so it’s easy to rebound…Adelaide didn’t take that hit, we saw a reduction in medium prices but it’s not a `woe is me’ hit, its just a market correction if you like.
“Traditionally the Adelaide market lags behind the eastern states…they experience a far more vigorous rollercoaster than we do.”
Meanwhile new home sales in SA fell by 1.2 per cent, according to the Housing Industry Association.
Across the country new home sales increased by 7 per cent, attributable to the first homebuyer initiatives that have been credited for assisting with the market’s recovery.
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TENANTS have fewer than two years to find a home to rent for less than $200 a week in Adelaide, agents warn.Latest figures show 11 suburbs have a median rental price for a home or unit of $200 a week or less.
Elizabeth Vale, at $178, is the cheapest.
Two years ago, 38 suburbs offered properties with a median weekly rental of $200 or less.
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End of the $200 rent in two years
NEWS.com.au The Real Estate Institute of SA figures, provided to The Advertiser , were based on suburbs with 10 or more rental properties in the December quarter. … |
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The Great Real Estate Rip-Off
Razors Edge (blog) A new study has ranked Sydney with the least affordable housing market in the world, second only to Vancouver. Generally, if buyers spend more than 35% of their gross income on their housing repayments they are considered to be in mortgage stress. In Sydney the average spent is 50%. The Demographia International Housing Affordability Survey looked at over 270 markets and found that Melbourne and Adelaide were also some of the most expensive cities. Out of the six countries surveyed Australia was the least affordable. The government is being called to solve this housing problem. |