Mining tax on building Products effect home renovating!

While the resolution of a new mining  super tax on resources is still some way off . One must expect if this applies to building products it will be very inflationary for the cost of building . Currently, the tax is expected on Cement, iron ore  thus steel, Gravel, Silica for windows , Clay for bricks and Silica for Silica bricks, gravel in Bitumen.  This will raise the cost of new homes significantly. Of course, I will have to await the final tax resolution and implementation.

The new mining super tax effectively removes the scope for States to raise minerals Royalty income streams and moves this revenue to the Federal government.

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Electricity prices to rise, effect on home renovating

Just been alerted to the Wholesale prices of Electricity rising by up to six times; apparently to pay for an upgrading of the safety and security of the power lines system, after the disastrous fires of last year. SP Ausnet alone say the cost of good maintenance will rise by $7.5 Bn.
While initially, this wont impact at the retail level, who am I kidding ?
It must impact, one still has time to adjust. Perhaps this is highlighted by the Smart Meter board being delivered to all homes.  This will allow one to monitor your power use and adjust your power use accordingly, during the day; Power will be priced by each fifteen minute block. During the evening”4 -9 PM peak, while cooking and heating the home, from 4 PM to 9 PM, electric power is likely to be heaps more expensive. We will all adjust, by putting on the washing or computer downloads at night. Companies will adjust by switching from coal power stations to gas fired.
I anticipate a big switch. These are things I am doing, switch to gas heating and cooking, solar hot water, clothes rack clothes drying, using the TV as the computer, double glazing windows, retiring early in winter, investigation of efficient imported Appliances. Like the refrigerator from Turkey which is 90% more efficient than, ones available in Australia.
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Victorian Water bills to rise dramatically

I am studying the rise in water Bills from the 1/07/2010 many bills will rise between 10% to 20% each year. I expect this to continue on  a compounding basis: over four years,  water bills could double from an average of  $700 to $1400 annually per home. Private sources advise me that this rise and rate of rise is extremely likely, as the government uses water prices as an indirect form of taxation.
This is to pay for the very expensive Desalination plant at Wonthaggi, and  the Pipeline from Lake Eildon to Maroondah.

The running cost of the Desal plant, which will be expensive to run and finance, it is reliant on a wind power plant being built for the electricity, too. So we have to pay for the wind power station, too.

There are  ways to cut your water bill, as set out in my prior post. Every Victorian family will soon be made acutely, aware of the water saving  measures of Tanks, taps, Dual flush systems, aerated taps, grey water systems, even rock lawns.

Check out the prior posts on this topic in easy home renovating.
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Home renovating water efficiency measures

The expected move to pricing water by the Kilolitre will draw close attention to the price of water; in Victoria this is due from 1/07/2010. One can apply some  easy home renovating solutions to reduce your water bill.
1   Save 2,000 litres a year in the Kitchen, with aerated water taps.
2   Save 18,250 a year with efficient shower heads and short showers.
3   Save 5,000 litres in the garden with an efficient hand held spray nozzle.

4   Save 16,000 litres a year in the laundry with a frontloader washing machine.

5   Save 20,300 litres a year with an efficient Dual flush toilet system.
This gives grand total of 61,550 litres  saved year.
This represents around the daily allowance for a single person in the household.
Obviously, a close check of the Water Savings WELLS ratings is going to payoff handsomely for all your appliance puchases. I have recently, installed a watertank to capture the rain from the roof. I must consider connecting to the Water Closets, as this would be a massive saving. If I get excited, I might even install a grey water system to tend to the garden. This would include an underground agricultural pipe filtered watering system. Just installed the Front Loader washing machine, today.
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NRAS, Affordable Rental Homes

I  am reading more and more about the increasing interest in building these homes. Both from Investors, Developers, and prospective tenants. I note there are large numbers of homes in the Development  pipeline. Large Inner city sites for many apartments are coming on for Development. These should generate great interest from Investors and Tenants. The developers are recorded as complaining of the long time in the approval process. I fully expect Investors who have so far been reluctant to invest in the Scheme, will be hugely impressed by the Inner city apartments deals. Who wants to earn $9,100 extra each year for ten years on the rental income deal?

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