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 OZschwitz developers blast new $30,000-a-unit tax to convert residential blocks to townhouses and units

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Phantom

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Location : Wabbit Hole
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PostSubject: OZschwitz developers blast new $30,000-a-unit tax to convert residential blocks to townhouses and units    Fri Jun 16, 2017 8:49 pm

The ACT building industry is up in arms at a new $30,000-per-unit development tax, which developers say will make it uneconomic to turn residential blocks into townhouses and units and destroy infill.



They also accuse the government of attempting to feather its own nest, by making its own land in the Northbourne corridor, the Fluffy blocks and new suburbs the only land viable for redevelopment.

http://www.canberratimes.com.au/act-news/act-developers-blast-new-30000aunit-tax-to-convert-residential-blocks-to-townhouses-and-units-20170616-gwscm0.html
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OZschwitz developers blast new $30,000-a-unit tax to convert residential blocks to townhouses and units

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