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The federal government's proposed carbon tax has made Australians less confident about purchasing property, Loan Market has said.
Following the release of Loan Market's Does the proposed carbon tax affect your confidence in buying a property? poll; which found 57% of respondents were put off by the tax plan, chief operating officer Dean Rushton said the carbon tax is obviously a divisive issue in Australia.
"The home finance and real estate sectors have faced a challenging market for some time and consumer confidence has been subdued.
"Our survey shows the carbon tax is not something that looks likely to encourage consumers."
The survey further found that of the original 57%, 35% said they believed the prospect of cost of living increases would put buying a property out of their reach.
While 22% wanted to wait to assess the tax's impact.
In addition, Gen Ys were found to be less concerned by the tax with 51% of the 18-25 year age group saying the proposal would not delay their property move.
Another 35% said they were still planning to buy despite the carbon tax plan, and 8% said they hoped to budget around it.
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