Households are $28 billion richer since the carbon tax started

 

The value of all of the dwellings in Australia is approximately $4 trillion.  It is the dominant component of household wealth.

When dwelling prices rise, the boost to wealth no doubt feeds into a positive assessment of personal finances for many people.  Conversely when dwelling prices fall, there’s no doubt that many feel under some form of financial pressure.

While there is absolutely and utterly no correlation between house prices and the policy to impose a price on carbon, it is interesting to note that according to the RPData house price series, house prices have risen 0.7% since 30 June 2012.

This 0.7% rise on the $4 trillion value of dwellings means that household wealth has been boosted by around $28 billion since the carbon price took effect.  This means that on average, each home owner is about $3,500 to $4,000 wealthier than a fortnight ago, before the carbon price was introduced.

Just saying.