Business
Record housing prices spur Perrottet to deliver stamp duty reform – Sydney Morning Herald
NSW Treasurer Dominic Perrottet has seized on record high Sydney housing prices as proof sweeping changes to the state’s property tax system must be introduced…

The Treasurer said stamp duty was a prohibitive tax for prospective buyers whose saving efforts were already being outpaced by record growth.
When you see the time it takes for young people to save for stamp duty, to save for that property … by the time young people have saved for that deposit theyre going backwards because the prices of the properties have increased at a much greater rate, Mr Perrottet said.
A 20 per cent deposit on the median house would be $242,000 in Sydney, with the market…
-
Noosa News18 hours ago
Only person charged over Spear Creek murders admits he lied to police
-
Noosa News20 hours ago
Allegedly armed man who sparked hours-long lockdown of Brisbane City Botanic Gardens in custody
-
General6 hours ago
Copper Coast Council threatens ratepayer with legal action over ‘offensive’ comment
-
General22 hours ago
John Torney’s brother tells court he knew ‘how violent’ accused could be