• 3 minutes Natural gas is crushing wind and solar power
  • 7 minutes OPEC and Russia could discuss emergency cuts
  • 11 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 46 mins So the west is winning, is it? Only if you’re a delusional Trump toady, Mr Pompeo, by Simon Tisdall
  • 40 mins Fight with American ignorance, Part 1: US is a Republic, it is not a Democracy
  • 8 hours Blowout videos
  • 10 hours Question: Why are oil futures so low through 2020?
  • 4 hours “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 7 hours Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 hours CDC covid19 coverup?
  • 13 hours The Arithmetic Of Fracking
  • 19 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 1 day Shorting Gold
  • 5 hours Who decides the Oil costs?
Is Tesla Really The Emerging ‘Energy King’?

Is Tesla Really The Emerging ‘Energy King’?

Tesla’s share price has almost…

New Australian Green Initiative Threatens Property Values

New Australian Green Initiative Threatens Property Values

Australia’s federal government is considering introducing, possibly next year, mandatory energy star ratings for homes being sold or rented. Under the proposed system as currently envisaged, sellers and landlords would have to pay about $200 to have their property assessed, with a total cost to homeowners and property investors currently estimated at $1.1 billion over the decade if the program becomes law.

Housing experts said most large, vanity McMansion residences would score very poorly on the ratings system, The Courier-Mail reported.

Green Homes Australia, a private energy-ratings firm, director Mick Fabar said, "Through our experience with our rating tool, those two-storey McMansions would not get over zero."

A spokesman for Climate Change and Energy Efficiency Minister Greg Combet commented, "It will allow buyers and renters to better compare different properties, making it easier to identify a property which uses less energy or water and thereby save money."
Federal Opposition's spokesman for climate action, environment and heritage, Greg Hunt dissented, saying that the program would create "enormous uncertainty. It could push up the cost of rent for people just when they are feeling cost-of-living pressures. It's another cost imposed on people from the Government."

The managing director of Stockland, one of Australia’s biggest developers, Matthew Quinn said the size of new homes has peaked and that affordability issues would hasten the end of the so-called McMansions and spur sales of smaller, more energy efficient homes.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News