Is it time the feds take on stamp duty and land tax?
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The Real Estate Institute of Australia’s president has called out Australia’s “mish-mash” approach to property taxation.
Adrian Kelly was reflecting on the Treasury’s recently released intergenerational report when he said that, as a nation, we’re getting older, less fertile, and more in debt.
He expressed concern that as more Australians do age and near retirement age, “fewer Australians will pay more tax”.
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With population growth long considered “a hallmark” of a vibrant and sustainable housing market, Mr Kelly said “there was nothing in the headlines that painted a promising picture for our home buyers and tenants”.