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Swapping stamp duty for land tax would push down house prices but push up apartment prices, new modelling finds

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Swapping stamp duty for land tax would push down house prices but push up apartment prices, new modelling findsShutterstock

In Tuesday’s budget, NSW will announce a switch from stamp duty to land tax.

It will become the second Australian jurisdiction to do so, with the ACT halfway through a 20-year switchover.

Homebuyers who accept the offer will be taxed annually on the value of their land, instead of hit with an upfront fee (that averaged $50,000 for...

Read more: Swapping stamp duty for land tax would push down house prices but push up apartment prices, new...

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