Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Why The Sustainability Legislation Is floored Pt1The following article has been written Alan Liddle, not by me, It's to good and too important to let it go. It explains why the "Sustainability Declaration" has to Go It has been Split in 2 sections because it's a bit long... This is part one.
By: Peter Carabot By Alan Liddle www.adlsoftware.com (The above article represents the opinion of Alan Liddle and is not meant as professional advice nor is it necessarily the opinion of A.D.L. Software.) The Government has yet again burdened the Real Estate industry with more paperwork, under the threat of hefty fines, to perform a marketing campaign on their behalf. The new Sustainability Declaration is ludicrous in the extreme. It is discriminatory, costly (time, effort, paper, heavy fines & possible litigation) to both Sellers and Agents, contradictory, absolutely non-productive and just a smoke screen anyway. Bear in mind that the declaration process is supposed to be a simple marketing aid. The declaration requirements act as a brake on effective real estate marketing. There will inevitably be homes that do not receive sufficient marketing exposure and home owners may suffer lower realised sale prices as a result. Discrimination When drafting this legislation the Government gave absolutely no thought to the many people who will be severely disadvantaged by it. The Government wants buyers to make an informed decision regarding the property that will affect its market value and make judgements based on a form that may be incomplete, partially completed or fully completed. This effectively means that a property’s sustainability form will become part of the buyer’s decision making process. Legislation is quite specific in that the seller must complete “the declaration to the best of the person’s ability” (Section 246C of the Sustainable Planning Act 2009). Unfortunately there are many socioeconomic groups in the community who are disadvantaged financially or otherwise who will be far less able to complete the declaration than others. The legislation also discriminates against people who own older homes and/or can’t afford to improve the sustainability of their homes. Because the declaration is designed to draw attention to eco-friendly fittings etc, older homes that have not been suitably upgraded will be potentially devalued. Home owners and real estate agents are also severely discriminated against for having to bare the brunt of the responsibility of providing consumer education under the threat of hefty fines and possible litigation. Consumers Face Potential Heavy Fines The Government have downplayed the fact that there are hefty fines for failing to complete “the declaration to the best of the person’s ability”. A property owner can be fined up to $2,000 for not doing so. The Act is quite specific in its example stating that a feature need not be completed “if the person can not reasonably find out the information” End of Part One see Part 2 for the rest of the article # # # What can Mareeba First National Real Estate do for you? We can provide advice on a number of issues pertaining to your potential purchase or sale. Our services include: Market Appraisals Sale and Purchase RentalAppraisals PropertyManagement Finance End
|
|