Property 'reforms' miss the point as stamp duty remains the real cost barrier
Victoria’s push to shift building and pest inspection costs to sellers may save buyers a few hundred dollars, but critics argue it distracts from the far bigger affordability issue: tens of thousands spent on stamp duty.
Stamp duty is seen as a major disincentive for those looking to downsize and disproportionately impacts first home buyers. (Image source: Doublelee/Shutterstock.com)
State Governments are at it again – tinkering around the edges of the property market, introducing new rules that will do little to actually make buying property more affordable.
The Victorian Government is the latest to announce a property market shake-up designed to make buying a home cheaper and easier.
The pitch is that buyers are often spending up to $600 for building and pest inspections - sometimes multiple times - and that it’s unfair a…
