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Apartment towers under construction are not eligible for a stamp duty rebate under the state government’s new stimulus scheme. Photo: Attila Csazar

Stamp duty stimulus good, not great

The state government’s stimulus of the apartments sector has been welcomed by industry, but project eligibility and its likely effect on new home builds are being questioned.

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Perth
I don't find this surprising at all after seeing all of the new stock Development WA is pushing on its website during a property downturn. To be fair, the real estate agent downstairs from my work at the CBD is the busiest I have seen for as long as I can remember.

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52nd↓Charles Hull Contracting$87.0m
53rd-Access Group Australia$80.0m
54th↑Gemmill HomesNFP
55th↑Orontide GroupNFP
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122 private companies - large ranked by revenue most recent financial year

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