Highrise Harry demands bigger stamp duty cut

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By Leith van Onselen

“Highrise” Harry Triguboff has backed the NSW Government’s indexation of stamp duty rates but also demanded stamp duty be slashed by one-quarter of its current rate. From The Australian:

The NSW government’s move to provide stamp duty relief did not go far enough and would fail to stimulate demand in the weakening housing market, developer Harry Triguboff said.

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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.