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Property Prices Rise Over 1180%, Stamp Duty Brackets Remain Unchanged: REINSW

Property Prices Rise Over 1180%, Stamp Duty Brackets Remain Unchanged: REINSW

Stamp duty has remained unchanged in NSW for 32 years despite median house prices rising by 1181.55 per cent, according to the Real Estate Institute of New South Wales.

REINSW President Leanne Pilkington said when the current NSW Transfer Duty brackets were put into place in 1986 the median dwellin…

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