Victoria open to stamp duty overhaul to ease burden on first home buyers

Victoria open to stamp duty overhaul to ease burden on first home buyers

Treasurer Tim Pallas has given his strongest hint yet that the state government would consider ditching stamp duty and replacing it with a land tax.

  • byJosh Gordon andKieran Rooney

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How to fix the housing crisis? Let’s start with this defacto tax on divorce

How to fix the housing crisis? Let’s start with this defacto tax on divorce

In the midst of a crisis,we should pull all the available levers. That means abolishing stamp duty should be on the agenda.

  • byMatt Wade
‘Act on tax and housing’:59 per cent of voters back case for change
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Tax reform

‘Act on tax and housing’:59 per cent of voters back case for change

A clear majority of voters back the case for tax reform that can help young Australians buy their first homes.

  • byDavid Crowe
The fastest way to add $5 billion to Victoria’s economy? Axe stamp duty

The fastest way to add $5 billion to Victoria’s economy? Axe stamp duty

For every $1 of stamp duty collected,55 cents goes down the drain in lost economic activity. Yet the state government is refusing to switch.

  • byJosh Gordon
Foreign buyers let off on extra stamp duties,but government won’t name them

Foreign buyers let off on extra stamp duties,but government won’t name them

Victoria’s budget bottom line took an estimated $73 million hit after additional stamp duty obligations were waived on dozens of foreign-owned entities last year.

  • byBroede Carmody
‘We would not have squandered this opportunity’:NSW opposition leader gives budget response

‘We would not have squandered this opportunity’:NSW opposition leader gives budget response

Opposition Leader Mark Speakman says the government did not do enough to address the housing crisis in its first budget.

  • byAlexandra Smith
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The No.1 tax economists hate? Victoria is keeping it

The No.1 tax economists hate? Victoria is keeping it

A group of Victorian MPs considered whether to get rid of stamp duty,but decided against it. Economists say it’s disappointing for home buyers.

  • byBroede Carmody
Record $12b surplus as Qld rides property and coal boom

Record $12b surplus as Qld rides property and coal boom

But the rivers of gold – also propped up by $1.7 billion more tax than expected from residents and business – are not tipped to last.

  • byMatt Dennien
Stamp duty abolished for commercial property in ‘landmark’ Victorian tax reform

Stamp duty abolished for commercial property in ‘landmark’ Victorian tax reform

An annual property tax will replace stamp duty for commercial and industrial properties,which Treasurer Tim Pallas says will add $50 billion to the state’s economy.

  • byLachlan Abbott
NSW Labor says new stamp duty concessions ‘fair and simpler’ for first home buyers

NSW Labor says new stamp duty concessions ‘fair and simpler’ for first home buyers

The NSW Labor government has the support of key crossbenchers to axe Dominic Perrottet’s land tax regime.

  • byAlexandra Smith,Michael McGowan andAngus Thomson
Victorian budget to include new taxes and $1b surplus within three years

Victorian budget to include new taxes and $1b surplus within three years

Victorian Treasurer Tim Pallas is expected to deliver an operating surplus of $1 billion in 2025-26 – $100 million higher than forecast in the pre-election budget – that will grow to $1.2 billion the year after.

  • bySumeyya Ilanbey,Annika Smethurst andBroede Carmody