SINCE 1997

Latest Revenue NSW News

Stamp duty reform back on national agenda

Stamp duty, reviled by the public and real estate industry but beloved of state governments, looks set to undergo major reform in several states, if not nationally.

Businessman and wooden blocks with the word stamp duty and a toy wooden house.
Stamp duty is gathering momentum but not all states are equally enthusiastic.

Stamp duty on housing appears on the verge of a national overhaul, as New South Wales leads the charge towards major reform.

Long the bane of the real estate industry and homebuyers alike for being inefficient, worsening the country’s housing affordability crisis, and discouraging people from moving or downsizing, it is also a major source of revenue for the states.

NSW Premier Dominic Perrottet is pushing forward with a plan to replace stamp d…