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
ShutterstockIn 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...
