Discretionary tax changes ‘a catastrophe for housing supply’
AUSTRALIA’s most influential property advocacy groups have joined forces to condemn the Federal Government’s proposed discretionary tax changes. New polling has found more than 60 per cent of small-to-medium residential and commercial property developers anticipate the discretionary trust tax changes will affect the timing and viability of their projects. Among developers expecting an impact, 37 per cent said one or more projects would be cancelled entirely. The Accent Research polling was commissioned jointly by the Housing Industry Association, Master Builders Australia