Tax 'grab' stuns developers: the property investment market will suffer when New South Wales introduces its new tax regime

Article Abstract:

Large developers will lose interest in the state of New South Wales (NSW), with the state's decision to impose extra taxes on residential property, which would further dampen the existing, slow investment market in Sydney. However, the NSW is the first state to levy stamp duty twice on investment property owners when an investment property is bought and sold.

Government regulation (cont), Government regulation, Taxes, New South Wales, Taxation, Laws, regulations and rules, Stamp-duties, Stamp duties, Tax policy, Residential real estate

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Makris's missing million

Article Abstract:

Con Markis is one of the most successful property developer in Australia. However, he is accused of fraud in a court by liquidator and as his debt levels are far from excessive, he expects to reduce his assets by 20% to pay the debt.

Police Protection, Fraud, Company legal issue, Cases, Debt, Markis, Con

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Mirvac says boom is over

Article Abstract:

Listed property developer, Mirvac, is switching from apartments to developing housing blocks. Robert Hamilton, the managing director explains the reasons behind the decision.

Services information, Services, Mirvac

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