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Housing key target of NSW budget but overlooked in Queensland

Queensland has ignored the 'elephant in the room' - stamp duty - while News South Wales has splashed out big on housing reform and affordability.

Government House in Sydney, New South Wales
NSW has ramped up its state budget deficit, with a major emphasis on housing policy and reform.

In two state budgets released today, New South Wales has gone ahead with its plan to phase out stamp duty while it’s neighbour to the north has left the tax alone.

First-home buyers will be able to opt-in for a smaller annual property tax, while in a bid to improve housing affordability, $2.8 billion is being spent on a shared equity trial.

The shared equity scheme applied to single parents, older singles, frontline workers and first-home buyer…