Dominic Perrottet has abandoned hopes of massive permanent change to the state’s housing agenda - but Labor has accused the NSW Premier of planning to storm ahead with a “forever tax” if he wins the election.
on Thursday, Mr Perrottet seemingly abandoned his hopes to eventually cut stamp duty all together.
“I sat in groups and spoke to people and got feedback in relation so it really honed and refined my thinking, and where I’ve landed is it’s all about choice.” Under the government’s proposal, households would have the choice of stamp duty or an annual $400 plus about 0.3 per cent of the property’s value.
Shadow treasurer Daniel Mookhey said despite the Premier’s platitudes about choice between the two revenue-making schemes, the Coalition would still push ahead with its “forever tax” if it won the election. “The fact that Mr Perrottet has again refused to rule-out extending his land tax even further shows that he will never give up on the plan he spent years fighting for.”
But Treasurer Matt Kean blasted the proposal as a “kick in the guts” to the state’s aspiring property owners and argued the scheme would shut them out of the market given the state’s average land value sat at more than $1.2 million.
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