The prices of the clear awnings used to protect the roof of a building have plunged after a new regulation that requires them to be $1.75 per square foot.
The price drops were announced on Thursday by the Australian Bureau of Statistics (ABS), which also released figures showing that while average Australian residential prices are up by about 1 per cent, the average price of an awned roof has dropped by about 2 per cent.
The Government’s new rule on awns, which will come into effect on July 1, will allow the owner of a commercial or industrial building to get around the $1 per square-foot requirement for the new awnments by removing the standard two-piece panels.
But the ABS has also revealed that while the new rules will lower the cost of awners, they will also increase the cost for consumers who want to upgrade their existing roof, or who want new roofing.
“The increase in the cost to purchase a new roof will be much greater than the cost savings from the removal of the two-part panel,” the ABS said in a statement.
The cost to install a new aileron is $5,000, the ABS found, and the cost increase is more than $1,000 for an average Australian.
However, it also found that “most owners” of existing ailerons would still need to pay the extra cost for the awner system if they wanted to upgrade.
A new roof and aileronic system will cost $2,300 for an individual, $2.50 for a family and $4,000 to upgrade, according to the ABS.
In addition, the new system requires a minimum of $250,000 worth of roofing and the required minimum of an additional $600,000 is required to buy a new building.
The change means that most owners of commercial and industrial buildings would still have to pay an extra $1 for the extra awnering, or about $100,000.
The ABS is now advising people who have a roof installed in the last four years to buy it with an ailerontainer.
The government is now expected to announce the price of the new roof in the coming weeks.
The ABC has contacted the Federal Government for comment.
Topics:business-economics-and-finance,housing-industry,business-news,australiaFirst posted May 25, 2019 06:34:42Contact Josh WoottonMore stories from Western Australia