Market slowdown creates opportunity as stamp duty controversy grows
Flatter prices and softer clearance rates are bringing greater balance to the property market, but questions surrounding a potential $1 billion stamp duty overcharge in NSW continue to cast a shadow over housing affordability and government transparency.
The jury is still out on whether federal and state government policies will address issues around a lack of supply in the housing market. (Image source: Holli/Shutterstock.com)
When it comes to property prices, recent transaction activity appears to show the market is plateauing.
It’s no surprise. Interest rate rises typically have this effect. Ongoing global uncertainty is affecting sentiment, while conflict in the Middle East continues to place pressure on the cost of living.
Yet even with all this negativity, the doomsdayers have had to settle for less than a 1 per cent easing in the market.
The Australian Governm…
