New South Wales considering scrapping stamp duty on real estate could lead to 100,000 more annual home moves in Australia, per estimates.

If New South Wales scraps its stamp duty on real estate transactions, Australia could see 100,000 more people move homes each year, according to estimates. The 2010 Henry Tax Review found stamp duty to be inequitable, as it primarily taxes those who need or want to move. Removing stamp duty could potentially make homes more affordable and encourage more Australians to buy and move.

March 17, 2024
4 Articles