SINCE 1997

Latest Jane Fitzgerald News

NSW stamp duty, first homebuyer changes under scrutiny

A proposal to replace stamp duty concessions with a $25,000 grant for first homebuyers in New South Wales as part of a wide-ranging property tax reform has been criticised as missing the mark and is not likely to fully address the state’s affordability issues, particularly in Sydney.

Sydney CBD and suburbia
Sweeping changes to NSW's property tax regime need to be finely balanced, industry groups say. Photo: Shutterstock

A proposal to replace stamp duty concessions with a $25,000 grant for first homebuyers in New South Wales as part of a wide-ranging property tax reform has been criticised as missing the mark and is not likely to fully address the state’s affordability issues, particularly in Sydney.

NSW Treasurer Dominic Perrottet this week released an update on the state government’s tax reform progress, which centres around giving buyers the choice to pay up-…