The Perrottet government’s stamp duty shake-up will be short-lived if the Opposition leader wins the next election.
A first home buyer who opts to pay property tax rather than stamp duty could be ahead financially for 60 years,according to NSW Treasury analysis.
Former prime minister Paul Keating says stamp duty should be replaced with a property tax to make it easier for people to move homes.
The Premier’s signature reform faces major political roadblocks.
The government needs all the support it can get.
The minor parties will wield some real power as Dominic Perrottet seeks their support for his most pressing goal:property tax reform.
Key upper house crossbench MPs will support a “prompt” inquiry into the premier’s stamp duty reforms in a bid to allow a parliamentary vote before the March election.
The NSW government is proposing a cap on yearly increases to land tax,as the premier accuses Labor of a Mediscare-style campaign to sink his stamp duty reforms.
If you believe that younger generations deserve a better shot at homeownership,this week in NSW Parliament is one of the most important in our history.
The NSW government will need to overcome opposition from Labor and some upper house MPs to get its new land tax legislation through both houses of parliament.
The NSW government will introduce a long-touted overhaul of property taxes to parliament as it races to have the reform in place before the March election.