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The Times

Swapping stamp duty for land tax would push down house prices but push up apartment prices, new modelling finds

  • Written by Jason Nassios, Associate Professor, Centre of Policy Studies, Victoria University
Swapping stamp duty for land tax would push down house prices but push up apartment prices, new modelling findsShutterstock

In Tuesday’s budget, NSW will announce a switch from stamp duty to land tax.

It will become the second Australian jurisdiction to do so, with the ACT halfway through a 20-year switchover.

Homebuyers who accept the offer will be taxed annually on the value of their land, instead of hit with an upfront fee (that averaged $50,000 for...

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