NSW reforms stamp duty, but other states unwilling to follow
As of January 16, first home buyers in New South Wales can choose between making a one-off stamp duty payment or paying an annual property tax. Under the First Home Buyer Choice scheme, the annual land tax is: Owner-occupiers = $400 plus 0.3% of the land value (not property value) Investors = $1,500 plus 1.1% … Read more