Ensure you never miss an issue of the
real estate business bulletin
Gov't considers gradual stamp duty payment

Gov't considers gradual stamp duty payment

by Reporter 0 comments

Staff Reporter

Paying stamp duty off over a number of years in order to kick start the property market is one idea under consideration by the NSW government, according to a weekend report.

An article in The Telegraph said first homebuyers may become eligible to pay off their stamp duty over a number of years as a means of giving the property market a boost.

State treasurer Mike Baird told The Telegraph the concept was "an interesting idea", one that “is under active consideration”.

According to the report, the policy was one of a number proposed by the Real Estate Institute of NSW (REINSW).

Payment of the stamp duty would be guaranteed, as it would be held against the property in the same way as unpaid land tax, the report added.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Gov't considers gradual stamp duty payment
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?