The new scheme will mean stamp duty exemptions for first home buyers will be lifted from $650,000 to $800,000 and stamp duty concessions from $800,000 to $1 million.
The Grattan Institute is leading a charge by a dozen economists who say Victoria’s heavy reliance on stamp duty costs the economy up to $5 billion a year.
The dairy farming family that scored a $30 million windfall from the sale of the so-called Leppington Triangle secured a big victory against Revenue NSW in the Supreme Court.
Chris Minns’ minority government will face its first legislative test,with the opposition leader Mark Speakman pledging to fight to block the repeal of the First Home Buyer’s Choice bill.
A Perth property expert has called for action to ease WA’s worst ever housing supply crisis,to attract construction workers to the state and to slow urban sprawl.
For anyone hoping to buy their first home in NSW and take advantage of generous government assistance,timing will be everything.
Increasing the GST,axing negative gearing,a carbon price and land taxes? Unless we reform the system,Australia won’t be able to pay for the essentials.
Infrastructure Victoria warns the grant is not helping buyers and is making more people move to greenfield suburbs,contrary to the state government’s growth policy.
Premier Dominic Perrottet wants to significantly expand his stamp duty reforms as part of his long-touted plan to ultimately abolish the tax.
An upper house inquiry will probe stamp duty’s impact on housing affordability and the budget bottom line.
Most home buyers’ budgets have been hampered after nine rate rises,but there is one group of buyers that have seen a boost to their spending power at auctions.