Home Building Slump Home building starts have slumped across the construction sector driven by State government stamp duty policy impacting foreign investors, tighter credit conditions and regulations, the Chief Economist for Master Builders Australia, Shane Garret reported. There is no immediate end in sight to the new home building slump but a
Tag: stamp duty
Stamp duty tax grab; REIQ scathing of Queensland government and calls for 100% abolition
Stamp Duty Tax needs abolition The Real Estate Institute of Queensland is scathing of the Queensland Government’s cash grab from the property sector from its stamp duty tax increases, saying an extra $273 million in revenues has been collected and it has reduced the affordability of housing across Queensland. Australian Bureau of