Australia: Property developers warn GST changes beginning to bite 12 months early
Radical changes to the way developer taxes are collected won't be introduced for another 12 months but they are already beginning to bite off-the-plan developments and new subdivisions, industry leaders have warned. Developers warn "uncertainty and confusion" are weakening confidence in a sector beset by impending loss of lucrative stamp duty exemptions for buyers in three states, rising funding costs and investor nervousness. Read more on: www.afr.com
Source : Australia: Property developers warn GST changes beginning to bite 12 months early