Difficult Decisions on Developer Stamp Duty Changes Necessary

An unexpected and unannounced change to developer stamp duty that was introduced last month, immediately after the state budget, was a necessary measure despite the lack of notice.  The impact has been felt immediately, with developers questioning the viability of some projects. One developer, Resi Ventures, have walked away from a 900-lot house-and-land in West Melbourne.  Under the new rules,…