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News South Wales to move from stamp duty to land tax

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작성자 Sky News Austra… 작성일20-11-20 00:00 조회0회 댓글0건

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The New South Wales government has announced a move away from stamp duty to land tax with a window of opportunity in some apartment markets, but buyers will need to act quickly.

REA Group Chief Economist Nerida Conisbee says the announcement is good news and it does "encourage transactions".

Ms Conisbee said poor rental demand was being seen in apartment markets around Australia, which was starting to flow through to values.

"It's not flowing everywhere, we know in the Melbourne CBD we are seeing the highest vacancy rate in Australia but prices have remained surprisingly stable," she said.

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