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No meeting on tax

PEAK property industry groups are disappointed not to have met with Treasurer Eric Ripper over concerns that tax changes announced in the recent State Budget will not come into effect until July 1. It is feared that the market for first home buyers will stall while purchasers wait for the changes to stamp duty, and that this will have a ripple effect on the rest of the market.

The Master Builders Association, the Urban Development Institute of Australia, the Real Estate Institute of Australia and the Housing Industry Association were united in their request to meet with Mr Ripper, but the Government has declined to meet with them on the issue.

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