Will 7-star housing really cost more? It depends, but you can keep costs down in a few simple ways
- Written by: Trivess Moore, Senior Lecturer, School of Property, Construction and Project Management, RMIT University
ShutterstockThe required energy-efficiency rating of new housing in Australia will increase from 6 to 7 stars from October next year. Some claim this will greatly increase housing costs. But is this true?
Costs for new home owners are the sum of three things:
capital costs to build the home
costs to heat, cool and live in the home
mortgage costs.
The...
