Wednesday August 12, 2020

Building industry outlook is now more positive

The huge downturn in the house-building industry had been well documented prior to last week’s Budget and, despite much lobbying for a reduction in stamp duty to resuscitate the housing market, few were expecting the 2 per cent cut announced.

8th December, 2007

The huge downturn in the house-building industry had been well documented prior to last week’s Budget and, despite much lobbying for a reduction in stamp duty to resuscitate the housing market, few were expecting the 2 per cent cut announced.

The pre-budget submission of the Construction Industry Federation - which represents over 3,000 builders and developers - pushed for a reduction in stamp duty rates on secondhand home and commercial purchases, from nine per...

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