First home buy­ers squeezed

The Weekend Post - Real Estate - - Front Page - DAR­CIE AKEROYD

Ex­ec­u­tive Ken Mor­ri­son be­lieved it should be abol­ished.

“Stamp duty is uni­ver­sally recog­nised as one of the most in­ef­fi­cient and harm­ful taxes and this new study re­veals just how much it really hurts not just home­buy­ers but the whole econ­omy,” Mr Mor­ri­son said.

“Deloitte’s mod­el­ling cal­cu­lates that house­holds would on av­er­age be bet­ter off by an ex­tra $20 per week — which is more than half of the av­er­age weekly house­hold ex­pen­di­ture on fuel and power,” he said.

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