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State budget reveals more about NSW stamp duty reform By Fergus Halliday SHARE THIS ARTICLE
The state government says that proposed stamp duty reforms will improve productivity and leave household incomes better off by over $3,000.
The NSW state government’s proposed stamp duty reforms are not yet a reality, but the latest state budget tells us more about the impact they’re expected to have on the local property market conditions.
Despite accounting for $1.4 billion in annual revenues in 2020, the state government said that existing stamp duty is one of the “principal barriers” to home ownership and that removing the tax will benefit buyers of all stripes.
Inner-city rentals unlikely to recover until international students return smartpropertyinvestment.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartpropertyinvestment.com.au Daily Mail and Mail on Sunday newspapers.
The property industry - the biggest contributor to Australia's economy at $235 billion annually - has swung behind the NSW Government's announcement to.