New report shines light on benefits of scrapping stamp duty
Replacing stamp duty with a broad-based land tax across Australia would boost the economy and address housing affordability, according to new research by the National Housing Finance and Investment Corporation.
Making it easier for homebuyers to upgrade or downsize would have far-reaching benefits, the report found. Photo: Shutterstock
Replacing stamp duty with a broad-based land tax across Australia would boost the economy and address housing affordability, according to new research by the National Housing Finance and Investment Corporation.
The NHFIC this week released fresh research on stamp duty reform, assessing the pros and cons of phasing out the much-maligned tax and replacing it with an annual land tax.
A key finding of the report was one that’s been well known in th…
