Australia’s property investment industry needs more information on the implications of potential changes resulting from carbon emissions legislation, according to research conducted by the Australian Property Institute (API) and the Australian Direct Property Investment Association (ADPIA).
The research, conducted during a recent conference, found that while the vast majority of respondents (93 per cent) believe increased costs and taxes as a result of new legislation was an important factor, they also acknowledge having limited or no understanding of the issue.
Comments attaching to the survey suggested that respondents believe it was very difficult to find information and that the industry needed clarity on the proposed legislation.
ADPIA vice president Adam Murchie said there was bound to be legislative change in the future and that the property industry needed to create a platform that could engage government and industry.
“As an industry, it is imperative that we engage with the right stakeholders to make meaningful progress on issues of sustainability,” he said.
