First-home buyers, experts welcome plans to phase out stamp duty | TawarRazaghi
was welcome news for aspiring home owner Alice Hidajat, who has spent the past five years saving for a two-bedroom unit in the eastern suburbs.
She said the tax reform, expected to be announced in next week’s state budget, would be a “game changer” for Australians like her, who came to the country as an adult and have no financial help from family.Credit:Getting a foot in the market has been even harder for Tasnuva Sumaiya, who has spent the past four years saving a 5 per cent deposit for a townhouse in western Sydney priced below $650,000 because properties below this value are exempt from stamp duty.
“There are a lot of buyers in that boat who do not look at homes above $650,000, so they can get into the market with a small deposit,” Makkar said. He said while it was possible the changes could put “modest inflationary pressure” on property prices it was unlikely in an already falling market being hit by rising interest rates.
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.
First ever Aboriginal Supreme Court judge sworn inLincoln Crowley says 'times have changed' after he was sworn in as Australia's first Indigenous Supreme Court judge at a ceremony in Brisbane. Via NITV Read more here:
Read more »
Business praises first steps in China thawingDefence Minister Richard Marles will make his first visit to North Asia, after a “critical first step” exchange with his Chinese counterpart at the weekend
Read more »
Tigers recruit facing monster ban after ‘horrible’ 20-year first.WestsTigers centre Brent Naden is facing a potential five-week ban after he was sent off for a “horrible” spear tackle on SeaEagles' Jake Trbojevic on Sunday. Naden dumped the Sea Eagles lock down directly on his head in the 65th-minute tackle. 7NEWS
Read more »
Lincoln Crowley sworn in as nation’s first Indigenous supreme court judgeWarramunga man’s elevation to bench hailed as ‘important step in a much longer process’ in Queensland
Read more »
Doctors overpaid a ‘tiny bit’ by spending $3.295m on first homeThe reserve on the house, in Sydney’s Lane Cove, was just $2.8 million. But the auctioneers had to work hard to secure the eventual sale.
Read more »
Tragedy and triumph: the remarkable tale of Croatia’s first football stepsSlaven Bilic and Igor Stimac recount the birth of a team driven by a deeper purpose because of the terrible Balkans conflict
Read more »