Stamp Duty Designed Only To Affect Properties Worth Over $300,000

It is time for the NSW government to correct the stamp duty brackets, according to the Real Estate Institute of New South Wales.

REINSW President Leanne Pilkington said REINSW has continuously lobbied the NSW Government in an effort to persuade them to address the punishing effects of Stamp Duty bracket creep.

“However, to date, Government has chosen to ignore the damage these outdated tax rates are causing. By doing nothing the Governmen…