Economists say Labor’s stamp duty exemptions and Coalition’s land tax policy will likely benefit sellers most
The much-vaunted housing relief packages proposed by Labor and the Coalition inare both “much ado about nothing”, experts say, warning they are likely to put upward pressure on prices as Sydney’s over-heated property market begins to cool.
“Homebuyers don’t need to pay a new tax, they need help to pay no tax whatsoever, which is what we are outlining here today,” the shadow treasurer, Daniel Mookhey, said on Monday. Housing experts say both policies’ exemptions – and the Coalition’s land tax policy passed last year – were likely to have an inflationary effect on house prices and were evidence NSW was “clearly in election season”.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Economists challenge claims of bumper Christmas retail spendingAre Australians still keen to shop? Data says yes, economists say no.
Read more »
Hedge funds holding up vital debt relief for crisis-hit Sri Lanka, warn economistsStatement from 182 experts say only debt cancellation offers chance of recovery but investors are playing hardball
Read more »
Labor’s promise to axe first-home stamp duty will ‘drive up prices’One of Australia’s leading housing market economists says NSW Labor leader Chris Minns’ expanded stamp duty concession will worsen housing affordability.
Read more »
NSW Police investing in health and wellbeing of officersThe New South Wales Police Force is making a multimillion-dollar investment in the health and wellbeing of officers. The Pulse program is designed to reduce the number of officers leaving the force and cut down suicides. If you or anyone you know needs help: Lifeline – 13 11 14 Beyond Blue – 1300 22 4636
Read more »
NSW woman forges career capturing 'fly-by' satellite images of spaceAn Australian software engineer is among the first people in the world to work with new satellite inspection technology to help manage the huge volume of objects orbiting the Earth.
Read more »
NSW government to ‘review’ proposal to make judges consider needs of children when carers seek bailBipartisan recommendation that would bring Australia in line with UN standards and is backed by advocates ‘noted’, but not supported
Read more »