Now that Australia is recovering from the ongoing economic impact of COVID-19, state governments are looking at ways to phase out land transfer tax, better known as stamp duty. Stamp duty is a large and inconsistent tax, totalling $23.97billion across Australia during FY2020-21 alone (or a 5th or revenue). With each state, except for Victoria, reporting a double-digit percentage increase in stamp duty revenue when compared to the previous year. Stamp duty is also an affordability barrier for not only first home buyers, but also people wanting to move house, whether it’s because they require more space, want to move...
