State governments have revealed that stamp duty reform is being considered as part of a broader agenda to restructure state economies off the back of the COVID-19 crisis.
Calls for stamp duty reform have gathered momentum over the past few years as means to addressing ongoing housing affordability pressures.
Some observers, including property research group CoreLogic’s head of research, Tim Lawless, have flagged the introduction of a land tax as potential alternative.
Most recently, the CEO and founder of real estate franchise Upside Realty, Adam Rigby, warned that stamp duty costs were deterring older Australians from downsizing and unlocking their wealth.
Click HERE to read to full article published by Mortgage Business on 13 May 2020.
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