Leading tax firm BDO says the new 3% stamp duty announced in the Queensland budget will be a significant disincentive to foreign real estate investors.
I call for the NSW government to provide retirees with a 50% reduction in stamp duty for a residential property purchased to replace an existing residential property up to the value of $1 million.
The NSW government should provide first homebuyers with a 50 per cent reduction in the stamp duty on a purchase of a residential property less than $1 million and provide the ability to pay the stamp duty over time.
I believe it is a fair proposition for foreign buyers of real estate, who enjoy the benefits of capital growth from the property they purchase, to help contribute to the infrastructure and liveability of the communities they are investing in via this tax proposal.
First home buyers who will enjoy the benefits of less stamp duty, at a time where we’ve had easing house prices in Darwin and historic low interest rates.
Sellers are likely to list their properties after the election, and buy in the traditional spring selling season, says Raine & Horne Executive Chairman, Angus Raine.
