Melbourne developers are right to be worried

Wednesday 17 May 2017

Property developers are leading a revolt against the Victorian government’s stamp duty changes, with 24 industry leaders signing a letter warning of a “dramatic slowdown” and “significant impact” on construction jobs.

A cohort of high-profile property developers including industry veteran Max Beck, Hickory’s Michael Argyrou, young rich-lister Jonathan Hallinan and Evolve’s Ashley Williams have written to Treasurer Tim Pallas saying the changes will hurt property buyers and the industry.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.