Stamp duties are now so costly they are distorting the economy

Tuesday 19 December 2017

Chris Kohler has penned an illuminating article on the explosive growth in stamp duty costs, especially in New South Wales and Victoria, which have become so huge they are badly distorting the economy:

What happens when a state government charges homeowners $50,000 to move? They stop doing it.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.